CES Energy Solutions (TSE:CEU) Price Target Cut to C$9.00 by Analysts at TD Securities

CES Energy Solutions (TSE:CEU) had its price objective reduced by TD Securities from C$11.00 to C$9.00 in a report issued on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

CEU has been the subject of several other research reports. Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. National Bankshares boosted 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 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 price target on the stock in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$10.03.

CES Energy Solutions Trading Up 2.4 %

CEU opened at C$6.40 on Wednesday. CES Energy Solutions has a 1-year low of C$5.29 and a 1-year high of C$10.20. The stock has a market capitalization of C$1.43 billion, a PE ratio of 7.47, a PEG ratio of 0.61 and a beta of 2.31. 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 50-day moving average price of C$7.35 and a two-hundred day moving average price of C$8.39.

CES Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $0.0425 per share. The ex-dividend date was Monday, March 31st. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.66%. 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 Anthony Michael Aulicino sold 50,563 shares of the company’s 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 value of C$365,570.49. Also, Senior Officer Kenneth Earl Zinger bought 5,000 shares of the business’s stock in a transaction on Monday, April 7th. The stock was purchased at an average price of C$6.00 per share, for a total transaction of C$30,000.00. 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.