CES Energy Solutions Corp. (TSE:CEU) Receives Consensus Rating of “Buy” from Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEUGet Rating) have received an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$4.44.

A number of equities analysts recently issued reports on CEU shares. Royal Bank of Canada increased their target price on CES Energy Solutions from C$3.50 to C$4.00 and gave the stock an “outperform” rating in a report on Monday. Scotiabank increased their target price on CES Energy Solutions from C$3.90 to C$4.35 in a report on Monday. Canaccord Genuity Group raised their price objective on CES Energy Solutions from C$3.50 to C$4.50 in a research note on Wednesday. Stifel Nicolaus raised their price objective on CES Energy Solutions from C$3.75 to C$4.50 in a research note on Friday, August 12th. Finally, National Bankshares raised their price objective on CES Energy Solutions from C$3.85 to C$4.00 and gave the company an “outperform” rating in a research note on Monday.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$2.92 on Thursday. The company has a market cap of C$744.62 million and a price-to-earnings ratio of 11.23. CES Energy Solutions has a 52 week low of C$1.72 and a 52 week high of C$3.27. The company has a quick ratio of 1.78, a current ratio of 3.45 and a debt-to-equity ratio of 95.92. The firm has a 50 day moving average of C$2.59 and a 200-day moving average of C$2.55.

CES Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.02. CES Energy Solutions’s payout ratio is presently 24.62%.

CES Energy Solutions Company Profile

(Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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