CES Energy Solutions Corp. (TSE:CEU) Given Average Rating of "Buy" by Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) have earned an average recommendation of "Buy" from the seven brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$10.11.

Several research firms recently weighed in 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 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. Atb Cap Markets upgraded CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. BMO Capital Markets decreased their price objective on CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. Finally, TD Securities reduced their price target on 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.

CES Energy Solutions Price Performance

Shares of TSE CEU traded up C$0.02 during mid-day trading on Friday, hitting C$6.27. 583,417 shares of the stock were exchanged, compared to its average volume of 658,610. The company has a market cap of C$1.40 billion, a P/E ratio of 7.32, a PEG ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. CES Energy Solutions has a twelve month low of C$5.59 and a twelve month high of C$10.20. The stock's fifty day simple moving average is C$6.39 and its two-hundred day simple moving average is C$8.06.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.0425 per share. This is a boost from CES Energy Solutions's previous quarterly dividend of $0.03. The ex-dividend date was Monday, March 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.71%. CES Energy Solutions's payout ratio is presently 14.01%.

Insider Activity

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

About CES Energy Solutions

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.