CES Energy Solutions (TSE:CEU) Given New C$10.00 Price Target at ATB Capital

CES Energy Solutions (TSE:CEU) had its target price decreased by ATB Capital from C$11.00 to C$10.00 in a report published on Monday morning,BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Atb Cap Markets raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. BMO Capital Markets decreased their target price on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research report on Thursday, April 17th. TD Securities cut 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 report on Wednesday, April 16th. Finally, Royal Bank of Canada reduced their price target on 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. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$9.91.

CES Energy Solutions Trading Down 0.5 %

TSE:CEU opened at C$6.22 on Monday. The firm has a 50-day simple moving average of C$6.76 and a 200-day simple moving average of C$8.26. CES Energy Solutions has a one year low of C$5.59 and a one year high of C$10.20. The firm has a market cap of C$1.39 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82.

CES Energy Solutions Increases Dividend

The company also recently disclosed 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 2.73%. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 31st. CES Energy Solutions’s dividend payout ratio (DPR) is presently 14.01%.

Insider Activity at CES Energy Solutions

In related news, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$7.23, for a total value of C$365,570.49. Also, Senior Officer Kenneth Earl Zinger bought 10,000 shares of CES Energy Solutions stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of C$6.06 per share, with a total value of C$60,600.00. 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.