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

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has been given an average rating of "Buy" by the six analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$10.59.

CEU has been the subject of several recent research reports. Atb Cap Markets raised CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. ATB Capital raised shares of 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 research report on Friday, March 7th. Finally, National Bankshares lifted their price objective on shares of 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.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, Director Stella Cosby sold 4,304 shares of the firm'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 54,789 shares of CES Energy Solutions 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$547,890.00. Insiders own 3.03% of the company's stock.

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CES Energy Solutions Stock Down 0.4 %

TSE:CEU traded down C$0.03 during trading hours on Monday, reaching C$7.23. The company's stock had a trading volume of 934,710 shares, compared to its average volume of 602,430. The stock has a 50 day moving average price of C$8.70 and a two-hundred day moving average price of C$8.56. 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 company has a market capitalization of C$1.62 billion, a P/E ratio of 8.44, a price-to-earnings-growth 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.

CES Energy Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid 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 1.66%. CES Energy Solutions's payout ratio is 14.01%.

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.