CES Energy Solutions (TSE:CEU) Price Target Raised to C$9.00

CES Energy Solutions (TSE:CEU) had its price objective lifted by Scotiabank from C$8.50 to C$9.00 in a research report report published on Monday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. National Bankshares increased their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a sector perform rating in a research report on Monday, July 29th. Stifel Nicolaus raised their target price on CES Energy Solutions from C$7.50 to C$8.50 in a research note on Thursday, May 9th. Raymond James upped their price target on shares of CES Energy Solutions from C$8.50 to C$10.50 and gave the stock a strong-buy rating in a research report on Monday. TD Securities raised their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada upped their target price on shares of CES Energy Solutions from C$9.00 to C$10.00 in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CES Energy Solutions has a consensus rating of Buy and an average target price of C$9.81.

CES Energy Solutions Price Performance

Shares of CES Energy Solutions stock opened at C$7.69 on Monday. CES Energy Solutions has a 1-year low of C$3.28 and a 1-year high of C$8.35. The firm’s 50-day moving average price is C$7.51 and its two-hundred day moving average price is C$6.05. The company has a current ratio of 2.76, a quick ratio of 1.78 and a debt-to-equity ratio of 60.16. The stock has a market capitalization of C$1.81 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 0.61 and a beta of 2.41.

CES Energy Solutions Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.56%. CES Energy Solutions’s payout ratio is currently 16.90%.

Insider Activity at CES Energy Solutions

In other news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the business’s stock in a transaction on Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total value of C$411,527.85. In related news, Senior Officer Kenneth Earl Zinger acquired 200,000 shares of the stock in a transaction dated Monday, June 17th. The stock was bought at an average price of C$7.03 per share, with a total value of C$1,405,600.00. Also, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the business’s stock in a transaction on Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total transaction of C$411,527.85. Insiders have sold 106,043 shares of company stock worth $788,155 in the last ninety days. Company insiders own 2.91% of the company’s stock.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.