CES Energy Solutions Corp. (TSE:CEU) Receives Average Recommendation of “Buy” from Brokerages

CES Energy Solutions Corp. (TSE:CEU) has been given a consensus rating of “Buy” by the six brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$10.59.

A number of research firms recently commented on CEU. 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 research note on Friday, March 7th. National Bankshares raised their price target on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Finally, Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th.

Insider Buying and Selling

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 stock was sold at an average price of C$7.23, for a total transaction of C$365,570.49. 3.03% of the stock is currently owned by company insiders.

CES Energy Solutions Price Performance

CEU stock opened at C$6.84 on Friday. The stock’s 50 day moving average price is C$8.00 and its 200 day moving average price is C$8.53. The firm has a market cap of C$1.53 billion, a P/E ratio of 7.98, a PEG ratio of 0.61 and a beta of 2.31. 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 has a 1 year low of C$5.29 and a 1 year high of C$10.20.

CES Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 2.49%. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date is Monday, March 31st. CES Energy Solutions’s payout ratio is presently 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.