CES Energy Solutions Corp. (TSE:CEU) Receives C$10.59 Consensus Target Price from Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have received a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$10.59.

CEU has been the subject of a number of research analyst reports. Atb Cap Markets raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. 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 note on Friday, March 7th. Finally, National Bankshares increased their price target on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th.

Insider Buying and Selling

In related news, Director Stella Cosby sold 4,304 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total transaction of C$547,890.00. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Stock Down 0.3 %

Shares of CES Energy Solutions stock opened at C$7.21 on Monday. CES Energy Solutions has a 52-week low of C$4.59 and a 52-week high of C$10.20. The company has a 50 day moving average of C$8.64 and a 200 day moving average of C$8.55. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The company has a market capitalization of C$1.61 billion, a P/E ratio of 8.42, a P/E/G ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Tuesday, December 31st. CES Energy Solutions’s 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.