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

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has been assigned an average rating of "Buy" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One 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 issued reports on CEU shares. ATB Capital decreased their target price 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 reduced their target price on CES Energy Solutions from C$10.00 to C$9.00 in a research note on Thursday, April 17th. Royal Bank of Canada dropped their target price on CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. TD Securities lowered their price target on CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Atb Cap Markets raised CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th.

CES Energy Solutions Stock Performance

CEU stock traded up C$0.03 during midday trading on Friday, reaching C$6.25. 561,590 shares of the company were exchanged, compared to its average volume of 660,349. The business has a 50-day moving average price of C$6.35 and a two-hundred day moving average price of C$8.02. The firm has a market capitalization of C$1.40 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. 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 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 business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.0425 per share. 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. The ex-dividend date was Monday, March 31st. CES Energy Solutions's dividend payout ratio is presently 14.01%.

Insider Activity at CES Energy Solutions

In other news, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the stock in a transaction dated 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 purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of C$6.00 per share, for a total transaction of C$30,000.00. 3.03% of the stock is owned by insiders.

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.