CES Energy Solutions Corp (CEU) Receives Consensus Rating of “Buy” from Analysts
Shares of CES Energy Solutions Corp (TSE:CEU) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$8.71.
CEU has been the topic of several analyst reports. Canaccord Genuity lifted their price target on CES Energy Solutions Corp from C$7.50 to C$8.00 in a report on Monday, August 14th. BMO Capital Markets reiterated an “outperform” rating and set a C$9.00 price target on shares of CES Energy Solutions Corp in a report on Monday, May 15th. Finally, Raymond James Financial, Inc. lifted their price target on CES Energy Solutions Corp from C$7.50 to C$8.75 and gave the stock a “strong-buy” rating in a report on Friday, May 19th.
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CES Energy Solutions Corp (CEU) remained flat at $5.13 on Tuesday. 597,680 shares of the company’s stock were exchanged. CES Energy Solutions Corp has a 12 month low of $5.04 and a 12 month high of $6.51. The stock has a 50 day moving average of $5.83 and a 200 day moving average of $6.67. The stock’s market cap is $1.36 billion.
The business also recently declared a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.0025 per share. The ex-dividend date was Thursday, July 27th. This represents a $0.03 annualized dividend and a dividend yield of 0.58%.
In related news, insider Kenneth Earl Zinger sold 127,047 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of C$5.35, for a total value of C$679,701.45. Also, Director Burton Joel Ahrens sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of C$6.52, for a total transaction of C$32,600.00. In the last quarter, insiders have sold 333,591 shares of company stock worth $1,851,631.
About CES Energy Solutions Corp
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.
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