Analysts Set CES Energy Solutions Corp. (TSE:CEU) Price Target at C$10.11

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

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

CES Energy Solutions Trading Down 0.3%

Shares of CEU stock traded down C$0.02 during mid-day trading on Wednesday, reaching C$6.81. The stock had a trading volume of 508,001 shares, compared to its average volume of 643,392. The stock's 50-day moving average price is C$6.33 and its two-hundred day moving average price is C$7.71. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$10.20. The firm has a market capitalization of C$1.52 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. 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 paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from CES Energy Solutions's previous quarterly dividend of $0.03. CES Energy Solutions's dividend payout ratio is currently 14.01%.

Insider Activity at CES Energy Solutions

In other news, Senior Officer Kenneth Earl Zinger acquired 5,000 shares of CES Energy Solutions stock in a transaction dated Monday, April 7th. The stock was purchased at an average cost of C$6.00 per share, with a total value 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.