Analysts Set CES Energy Solutions Corp. (TSE:CEU) Target Price at C$10.03

CES Energy Solutions Corp. (TSE:CEU) has received an average rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$10.03.

Several analysts have recently weighed in on CEU shares. ATB Capital raised CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price objective on the stock in a report on Friday, March 7th. TD Securities decreased their price target on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada dropped their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. BMO Capital Markets decreased their target price on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research report on Thursday, April 17th. Finally, Atb Cap Markets raised shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th.

Insiders Place Their Bets

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the business’s stock in a transaction dated 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 purchased 5,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were bought at an average cost of C$6.00 per share, for a total transaction of C$30,000.00. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Stock Up 2.8 %

TSE CEU opened at C$6.25 on Tuesday. CES Energy Solutions has a twelve month low of C$5.59 and a twelve month high of C$10.20. The stock has a market cap of C$1.40 billion, a PE ratio of 7.29, a PEG ratio of 0.61 and a beta of 2.31. The firm has a 50-day simple moving average of C$6.80 and a 200 day simple moving average of C$8.27. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82.

CES Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.0425 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.17 dividend on an annualized basis and a yield of 2.72%. CES Energy Solutions’s payout ratio is 14.01%.

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.