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

CES Energy Solutions Corp. (TSE:CEU) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$10.59.

CEU has been the subject of a number of recent research reports. Atb Cap Markets upgraded CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. National Bankshares raised their price objective 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 Capital upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 target price on the stock in a report on Friday, March 7th.

Insider Activity

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

CES Energy Solutions Trading Up 5.7 %

Shares of CEU stock opened at C$7.26 on Monday. The stock’s fifty day simple moving average is C$8.75 and its 200 day simple moving average is C$8.56. The firm has a market capitalization of C$1.62 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a twelve month low of C$4.59 and a twelve month high of C$10.20. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26.

CES Energy Solutions Dividend Announcement

The company 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. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, December 31st. CES Energy Solutions’s payout ratio is currently 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.