CES Energy Solutions Corp. (TSE:CEU) Receives C$10.11 Average PT from Analysts

CES Energy Solutions Corp. (TSE:CEU) has been given an average rating of “Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$10.11.

A number of research firms have commented on CEU. Royal Bank Of Canada dropped their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. ATB Capital dropped their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th. Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. BMO Capital Markets dropped their price objective on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research note on Thursday, April 17th. Finally, TD Securities dropped their price objective on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th.

Insider Transactions at CES Energy Solutions

In related news, Senior Officer Kenneth Earl Zinger acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of C$6.06 per share, with a total value of C$60,600.00. Company insiders own 3.03% of the company’s stock.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$6.81 on Wednesday. The company’s fifty day moving average price is C$6.33 and its 200 day moving average price is C$7.69. CES Energy Solutions has a 12 month low of C$5.59 and a 12 month high of C$10.20. 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 market capitalization of C$1.52 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 31st. CES Energy Solutions’s 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.