Analysts Set CES Energy Solutions Corp. (TSE:CEU) PT at C$10.59

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$10.59.

A number of equities research analysts have issued reports on CEU shares. Scotiabank raised their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. ATB Capital lifted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Royal Bank of Canada lifted 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. National Bankshares lifted their target price on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a "sector perform" rating in a research note on Thursday, December 19th. Finally, Atb Cap Markets lowered shares of CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th.

CES Energy Solutions Trading Down 2.4 %

CES Energy Solutions stock traded down C$0.21 during trading hours on Thursday, reaching C$8.70. The stock had a trading volume of 189,398 shares, compared to its average volume of 523,094. The stock has a market cap of C$1.95 billion, a PE ratio of 10.15, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 52 week low of C$4.04 and a 52 week high of C$10.20. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The company has a fifty day simple moving average of C$9.33 and a 200-day simple moving average of C$8.54.

CES Energy Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a yield of 1.38%. CES Energy Solutions's dividend payout ratio (DPR) is currently 14.01%.

Insider Activity at CES Energy Solutions

In related news, Director Stella Cosby sold 4,304 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 17,667 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$8.99, for a total transaction of C$158,826.33. Insiders sold a total of 96,760 shares of company stock valued at $946,756 in the last three months. Company insiders own 3.03% of the company's stock.

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. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.