CES Energy Solutions Corp. (TSE:CEU) Receives C$10.59 Consensus Price Target from Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) have received a consensus rating of "Buy" from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$10.59.

A number of equities analysts recently commented on the company. ATB Capital upgraded CES Energy Solutions from a "sector perform" rating to an "outperform" rating and set a C$11.00 price target for the company in a report on Friday, March 7th. National Bankshares lifted their target price on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a "sector perform" rating in a research note on Thursday, December 19th. Finally, Atb Cap Markets raised CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th.

CES Energy Solutions Stock Performance

Shares of CEU traded down C$0.07 during midday trading on Friday, reaching C$6.01. The stock had a trading volume of 253,927 shares, compared to its average volume of 688,532. The firm has a market cap of C$1.34 billion, a PE ratio of 7.01, a P/E/G ratio of 0.61 and a beta of 2.31. The firm has a 50 day simple moving average of C$7.88 and a 200-day simple moving average of C$8.51. CES Energy Solutions has a one year low of C$5.29 and a one year high of C$10.20. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26.

CES Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from CES Energy Solutions's previous quarterly dividend of $0.03. This represents a $0.17 annualized dividend and a yield of 2.83%. CES Energy Solutions's payout ratio is 14.01%.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger acquired 10,000 shares of the business's stock in a transaction on Friday, April 4th. The stock was purchased at an average price of C$6.06 per share, with a total value of C$60,600.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$7.23, for a total transaction of C$365,570.49. 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.