Brokerages Set CES Energy Solutions Corp. (TSE:CEU) Price Target at C$10.03

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) have received a consensus recommendation of "Buy" from the seven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$10.03.

CEU has been the topic of a number of research analyst reports. ATB Capital raised CES Energy Solutions from a "sector perform" rating to an "outperform" rating and set a C$11.00 price target on the stock in a report on Friday, March 7th. Atb Cap Markets raised shares of CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. TD Securities decreased 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 report on Wednesday, April 16th. 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 report on Thursday, April 17th. Finally, BMO Capital Markets cut their target price on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research report on Thursday, April 17th.

Insider Transactions at CES Energy Solutions

In other news, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the firm'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 10,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of C$6.06 per share, for a total transaction of C$60,600.00. 3.03% of the stock is currently owned by company insiders.

CES Energy Solutions Stock Up 2.8 %

TSE CEU traded up C$0.17 during mid-day trading on Tuesday, reaching C$6.25. The stock had a trading volume of 473,894 shares, compared to its average volume of 673,083. The company has a fifty day moving average price of C$6.80 and a 200 day moving average price of C$8.27. 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 has a 1 year low of C$5.59 and a 1 year high of C$10.20. The stock has a market cap of C$1.40 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Increases Dividend

The firm 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 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Monday, March 31st. This is a boost from CES Energy Solutions's previous quarterly dividend of $0.03. CES Energy Solutions's dividend payout ratio (DPR) is currently 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.