CES Energy Solutions Corp. (TSE:CEU) Given Average Rating of “Moderate Buy” by Analysts

CES Energy Solutions Corp. (TSE:CEU) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$10.59.

CEU has been the topic of a number of recent research reports. National Bankshares lifted their target price on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. Scotiabank lifted their price target on CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. ATB Capital upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price target for the company in a report on Friday. Finally, Atb Cap Markets cut CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Insider Buying and Selling

In other CES Energy Solutions news, Director Stella Cosby sold 4,304 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$547,890.00. 3.03% of the stock is owned by insiders.

CES Energy Solutions Stock Performance

CEU opened at C$7.01 on Monday. The business’s 50-day moving average price is C$8.87 and its two-hundred day moving average price is C$8.56. CES Energy Solutions has a 1 year low of C$4.59 and a 1 year high of C$10.20. The company has a market capitalization of C$1.57 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78.

CES Energy Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.71%. CES Energy Solutions’s payout ratio is currently 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.