CES Energy Solutions Corp. (TSE:CEU) Given Consensus Recommendation of “Buy” by Analysts

CES Energy Solutions Corp. (TSE:CEU) has earned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$10.11.

A number of equities research analysts recently weighed in on CEU shares. Royal Bank Of Canada lowered their target price on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. ATB Capital lowered their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. BMO Capital Markets dropped their price objective on shares of CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. Atb Cap Markets raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, TD Securities lowered their price target on CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$6.94 on Wednesday. CES Energy Solutions has a 12-month low of C$5.59 and a 12-month high of C$10.20. 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 company has a market cap of C$1.55 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The stock has a 50-day moving average price of C$6.29 and a 200-day moving average price of C$7.77.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a dividend of $0.0425 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.17 annualized dividend and a dividend yield of 2.45%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s dividend payout ratio (DPR) is currently 14.01%.

Insider Buying and Selling

In related news, Senior Officer Kenneth Earl Zinger bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average cost of C$6.00 per share, for a total transaction of C$30,000.00. 3.03% of the stock is owned by corporate insiders.

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.