CES Energy Solutions (TSE:CEU) Upgraded to "Outperform" at ATB Capital

ATB Capital upgraded shares of CES Energy Solutions (TSE:CEU - Free Report) from a sector perform rating to an outperform rating in a research report report published on Friday morning,BayStreet.CA reports. They currently have C$11.00 target price on the stock.

CEU has been the subject of a number of other reports. Royal Bank of Canada boosted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Scotiabank lifted their target price on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. National Bankshares upped their price target on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a "sector perform" rating in a research report on Thursday, December 19th. Finally, Atb Cap Markets cut shares of CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$10.59.

CES Energy Solutions Trading Down 2.6 %

Shares of CES Energy Solutions stock traded down C$0.18 during trading on Friday, hitting C$6.78. The stock had a trading volume of 550,357 shares, compared to its average volume of 570,849. The stock has a market cap of C$1.52 billion, a PE ratio of 7.91, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 12 month low of C$4.59 and a 12 month high of C$10.20. The firm's fifty day simple moving average is C$8.81 and its 200-day simple moving average is C$8.56. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78.

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CES Energy Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Tuesday, December 31st. CES Energy Solutions's dividend payout ratio is presently 14.01%.

Insider Activity at CES Energy Solutions

In other news, Director Stella Cosby sold 4,304 shares of CES Energy Solutions stock in a transaction on Thursday, January 2nd. The stock was 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 business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$547,890.00. 3.03% of the stock is owned by corporate 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.