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

Shares of CES Energy Solutions Corp. (TSE:CEU) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One 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. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$10.11.

A number of research firms have recently issued reports on CEU. TD Securities cut their price objective 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 dropped 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 note on Thursday, April 17th. Atb Cap Markets raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. BMO Capital Markets decreased their price objective on CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. Finally, ATB Capital lowered their target price 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 Monday, May 5th.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$6.94 on Wednesday. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$10.20. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The stock’s 50 day moving average price is C$6.29 and its two-hundred day moving average price is C$7.77.

CES Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.0425 per share. The ex-dividend date was Monday, March 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.45%. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s payout ratio is 14.01%.

Insiders Place Their Bets

In other news, Senior Officer Kenneth Earl Zinger acquired 5,000 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was purchased at an average price of C$6.00 per share, for a total transaction of C$30,000.00. Corporate insiders own 3.03% of the company’s stock.

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.