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

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

A number of equities research analysts recently issued reports on CEU shares. TD Securities reduced their target price on 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. Royal Bank of Canada 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 Thursday, April 17th. ATB Capital upgraded CES Energy Solutions from a "sector perform" rating to an "outperform" rating and set a C$11.00 price objective for the company in a research report on Friday, March 7th. Atb Cap Markets upgraded CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. Finally, BMO Capital Markets dropped their price objective on 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 related news, Senior Officer Kenneth Earl Zinger purchased 5,000 shares of CES Energy Solutions stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average cost of C$6.00 per share, with a total value of C$30,000.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the company's 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. Company insiders own 3.03% of the company's stock.

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$6.14 on Tuesday. The stock has a market cap of C$1.37 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 52 week low of C$5.59 and a 52 week high of C$10.20. The company's 50-day moving average price is C$6.98 and its 200 day moving average price is C$8.32. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26.

CES Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.0425 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.77%. This is a boost from CES Energy Solutions's previous quarterly dividend of $0.03. CES Energy Solutions's payout ratio is presently 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.

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