CES Energy Solutions (TSE:CEU) had its price objective lowered by Raymond James from C$5.00 to C$4.50 in a research note released on Wednesday morning. The brokerage currently has an outperform rating on the stock.
Other equities analysts have also issued reports about the stock. Canaccord Genuity decreased their price objective on shares of CES Energy Solutions from C$5.50 to C$4.75 in a report on Thursday, November 22nd. 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 on the stock in a report on Wednesday, November 14th. Finally, National Bank Financial decreased their price objective on shares of CES Energy Solutions from C$6.50 to C$5.00 and set an outperform rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of C$5.88.
Shares of CEU stock opened at C$2.83 on Wednesday. The company has a current ratio of 3.43, a quick ratio of 1.91 and a debt-to-equity ratio of 72.49. CES Energy Solutions has a one year low of C$2.80 and a one year high of C$6.73. The company has a market capitalization of $773.73 million and a PE ratio of 21.77.
The business also recently disclosed a monthly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 15th were issued a $0.005 dividend. The ex-dividend date was Wednesday, January 30th. This represents a $0.06 annualized dividend and a dividend yield of 2.12%. CES Energy Solutions’s dividend payout ratio is currently 36.54%.
In other news, insider John Michael Hooks sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of C$3.26, for a total value of C$65,214.00. Following the transaction, the insider now directly owns 1,512,171 shares in the company, valued at approximately C$4,930,735.98.
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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