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

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has been given an average rating of "Buy" by the seven research firms that are 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 issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$10.11.

A number of research firms have weighed in on CEU. ATB Capital decreased their price objective on CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Atb Cap Markets raised CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. TD Securities dropped their price objective on CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets reduced their target price on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research note on Thursday, April 17th. Finally, Royal Bank Of Canada dropped their target price 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.

Insiders Place Their Bets

In other news, Senior Officer Kenneth Earl Zinger acquired 5,000 shares of the firm's stock in a transaction on Monday, April 7th. The shares were purchased at an average cost of C$6.00 per share, for a total transaction of C$30,000.00. Insiders own 3.03% of the company's stock.

CES Energy Solutions Stock Performance

Shares of TSE CEU traded up C$0.03 during trading hours on Wednesday, reaching C$6.85. The stock had a trading volume of 15,240 shares, compared to its average volume of 643,894. 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. The business's fifty day moving average is C$6.30 and its two-hundred day moving average is C$7.76. The company has a market cap of C$1.53 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, March 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.48%. This is a positive change from CES Energy Solutions's previous quarterly dividend of $0.03. CES Energy Solutions's dividend payout ratio is currently 14.01%.

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.