CES Energy Solutions Corp (CEU) Receives C$8.13 Average PT from Analysts
CES Energy Solutions Corp (TSE:CEU) has been given an average rating of “Buy” by the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$8.13.
A number of research analysts have commented on the stock. National Bank Financial lifted their price objective on shares of CES Energy Solutions from C$8.20 to C$8.50 and gave the company an “outperform” rating in a research note on Tuesday, May 15th. BMO Capital Markets dropped their price target on shares of CES Energy Solutions from C$9.00 to C$8.00 in a research note on Monday, August 13th. Canaccord Genuity dropped their price target on shares of CES Energy Solutions from C$8.50 to C$8.00 in a research note on Friday, May 11th. Raymond James dropped their price target on shares of CES Energy Solutions from C$8.50 to C$7.50 and set a “strong-buy” rating on the stock in a research note on Friday, May 18th. Finally, Scotiabank dropped their price target on shares of CES Energy Solutions from C$10.50 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, May 11th.
In other CES Energy Solutions news, insider Richard Lee Baxter sold 9,150 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of C$4.32, for a total transaction of C$39,528.00. Also, insider Kenneth Earl Zinger bought 10,000 shares of the stock in a transaction on Friday, June 15th. The shares were bought at an average price of C$4.68 per share, for a total transaction of C$46,800.00. Over the last quarter, insiders have bought 15,331 shares of company stock worth $71,484 and have sold 29,150 shares worth $136,748.
The company also recently declared a monthly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 15th were paid a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.20%. This is a positive change from CES Energy Solutions’s previous monthly dividend of $0.00. The ex-dividend date of this dividend was Monday, July 30th.
CES Energy Solutions Company Profile
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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