CES Energy Solutions Corp. (TSE:CEU) Receives Average Rating of “Buy” from Brokerages

CES Energy Solutions Corp. (TSE:CEU) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$10.11.

CEU has been the subject of several research analyst reports. BMO Capital Markets lowered their price objective on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research report on Thursday, April 17th. Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Royal Bank of Canada lowered their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. ATB Capital lowered their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Monday, May 5th. Finally, TD Securities lowered their price objective on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger acquired 5,000 shares of CES Energy Solutions stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of C$6.00 per share, with a total value of C$30,000.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$7.23, for a total transaction of C$365,570.49. Company insiders own 3.03% of the company’s stock.

CES Energy Solutions Stock Down 0.5%

Shares of CEU opened at C$6.22 on Friday. CES Energy Solutions has a one year low of C$5.59 and a one year high of C$10.20. The company has a market cap of C$1.39 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The firm has a 50 day simple moving average of C$6.37 and a two-hundred day simple moving average of C$8.04.

CES Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.0425 per share. The ex-dividend date was Monday, March 31st. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.17 annualized dividend and a dividend yield of 2.73%. CES Energy Solutions’s dividend payout ratio is 14.01%.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.