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

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has earned a consensus rating of "Buy" from the seven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$10.11.

Several equities research analysts have recently weighed in on CEU shares. 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. 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 on the stock in a research note on Thursday, April 17th. ATB Capital dropped their price objective on 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. BMO Capital Markets cut their price target on CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. Finally, TD Securities lowered 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 Stock Up 0.2%

Shares of CES Energy Solutions stock traded up C$0.01 during trading hours on Friday, hitting C$6.25. The company had a trading volume of 574,953 shares, compared to its average volume of 659,637. The company's 50-day moving average is C$6.42 and its two-hundred day moving average is C$8.07. The company has a market cap of C$1.40 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a twelve month low of C$5.59 and a twelve 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.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.0425 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.72%. This is a positive change from CES Energy Solutions's previous quarterly dividend of $0.03. CES Energy Solutions's dividend payout ratio is presently 14.01%.

Insiders Place Their Bets

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