CES Energy Solutions (TSE:CEU) Price Target Raised to C$5.30 at Scotiabank

CES Energy Solutions (TSE:CEU) had its price objective raised by Scotiabank from C$4.75 to C$5.30 in a research note issued to investors on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CEU has been the subject of a number of other reports. TD Securities upped their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company a buy rating in a report on Friday. Stifel Nicolaus boosted their price target on shares of CES Energy Solutions from C$5.00 to C$5.25 in a research note on Tuesday, October 24th. National Bank Financial reiterated an outperform market weight rating on shares of CES Energy Solutions in a research note on Wednesday, October 25th. Royal Bank of Canada boosted their price target on shares of CES Energy Solutions from C$4.25 to C$5.00 and gave the stock an outperform rating in a research note on Monday. Finally, ATB Capital boosted their price target on shares of CES Energy Solutions from C$4.75 to C$5.00 and gave the stock an outperform rating in a research note on Friday. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CES Energy Solutions currently has an average rating of Buy and an average target price of C$4.69.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$3.79 on Monday. The company has a 50-day simple moving average of C$3.75 and a 200-day simple moving average of C$3.10. CES Energy Solutions has a one year low of C$2.30 and a one year high of C$4.15. The company has a debt-to-equity ratio of 69.06, a quick ratio of 1.78 and a current ratio of 3.21. The stock has a market capitalization of C$941.06 million, a price-to-earnings ratio of 6.77, a PEG ratio of 0.61 and a beta of 2.39.

CES Energy Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.10 annualized dividend and a yield of 2.64%. CES Energy Solutions’s payout ratio is currently 17.86%.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.