Brokerages Set CES Energy Solutions Corp. (TSE:CEU) Target Price at C$10.59

Shares of CES Energy Solutions Corp. (TSE:CEU) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$10.59.

A number of equities research analysts have commented on CEU shares. 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 research note on Friday, March 7th. Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, National Bankshares lifted their target price 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 note on Thursday, December 19th.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$6.13 on Friday. CES Energy Solutions has a 12 month low of C$5.29 and a 12 month high of C$10.20. The stock has a fifty day moving average price of C$7.94 and a 200-day moving average price of C$8.52. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. The firm has a market cap of C$1.37 billion, a PE ratio of 7.15, a P/E/G ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 2.77%. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Monday, March 31st. CES Energy Solutions’s dividend payout ratio (DPR) is presently 14.01%.

Insider Activity at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 50,563 shares of CES Energy Solutions stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$7.23, for a total transaction of C$365,570.49. Also, Senior Officer Kenneth Earl Zinger acquired 10,000 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of C$6.06 per share, for a total transaction of C$60,600.00. 3.03% of the stock is owned by 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.