CES Energy Solutions Corp. (TSE:CEU) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$10.59.

Several equities analysts recently commented on CEU shares. Atb Cap Markets downgraded CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. ATB Capital lifted their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. National Bankshares boosted their target price on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Royal Bank of Canada increased their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, Scotiabank boosted their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th.

Insiders Place Their Bets

In other news, Director Stella Cosby sold 4,304 shares of the company’s 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 17,667 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$8.99, for a total value of C$158,826.33. Over the last three months, insiders sold 96,760 shares of company stock valued at $946,756. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Stock Up 0.9 %

Shares of CEU opened at C$8.92 on Thursday. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. The company has a 50-day moving average price of C$9.36 and a two-hundred day moving average price of C$8.53. The stock has a market cap of C$2.09 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 12 month low of C$4.02 and a 12 month high of C$10.20.

CES Energy Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.