Shares of CES Energy Solutions Corp (TSE:CEU) have been assigned an average recommendation of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$7.53.

Several research firms have recently commented on CEU. Raymond James lowered their price objective on shares of CES Energy Solutions from C$7.50 to C$7.00 and set a “strong-buy” rating for the company in a research note on Monday, September 24th. Canaccord Genuity lowered their price objective on shares of CES Energy Solutions from C$7.25 to C$7.00 in a research note on Friday, August 17th. National Bank Financial downgraded shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$7.00 to C$6.50 in a research note on Wednesday, September 26th. BMO Capital Markets lowered their price objective on shares of CES Energy Solutions from C$9.00 to C$8.00 in a research note on Monday, August 13th. Finally, TD Securities upgraded shares of CES Energy Solutions from a “buy” rating to an “action list buy” rating and set a C$7.00 price objective for the company in a research note on Wednesday, November 14th.

CEU traded down C$0.02 during trading on Friday, hitting C$3.02. The stock had a trading volume of 295,342 shares, compared to its average volume of 719,751. CES Energy Solutions has a twelve month low of C$2.91 and a twelve month high of C$6.86. The company has a debt-to-equity ratio of 72.49, a quick ratio of 1.91 and a current ratio of 3.43.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.06 annualized dividend and a dividend yield of 1.99%. CES Energy Solutions’s payout ratio is currently 30.77%.

In related news, insider Jason Douglas Waugh sold 26,000 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of C$3.92, for a total transaction of C$101,920.00. Also, insider Kenneth Earl Zinger sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of C$4.50, for a total transaction of C$90,000.00. Over the last quarter, insiders have bought 8,350 shares of company stock valued at $27,635 and have sold 86,351 shares valued at $335,466.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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