BMO Capital Markets Lowers CES Energy Solutions (TSE:CEU) Price Target to C$9.00

CES Energy Solutions (TSE:CEU) had its price target trimmed by BMO Capital Markets from C$10.00 to C$9.00 in a research note released on Thursday,BayStreet.CA reports.

CEU has been the subject of a number of other research reports. National Bankshares lifted their target price 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 report on Thursday, December 19th. TD Securities decreased their target price 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. Atb Cap Markets upgraded CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Finally, ATB Capital raised shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price objective for the company in a report on Friday, March 7th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, CES Energy Solutions has an average rating of “Buy” and an average target price of C$10.03.

CES Energy Solutions Stock Up 2.4 %

CES Energy Solutions stock opened at C$6.40 on Thursday. CES Energy Solutions has a 12 month low of C$5.29 and a 12 month high of C$10.20. The stock has a fifty day simple moving average of C$7.40 and a two-hundred day simple moving average of C$8.41. The firm has a market cap of C$1.43 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 0.61 and a beta of 2.31. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26.

CES Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.0425 per share. The ex-dividend date was Monday, March 31st. This is an increase 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 2.66%. CES Energy Solutions’s dividend payout ratio is 14.01%.

Insiders Place Their Bets

In related news, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$7.23, for a total value of C$365,570.49. Also, Senior Officer Kenneth Earl Zinger bought 10,000 shares of the stock in a transaction on Friday, April 4th. The stock was purchased at an average price of C$6.06 per share, with a total value of C$60,600.00. 3.03% of the stock is owned by 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.