CES Energy Solutions (TSE:CEU) had its price objective reduced by Cormark from C$6.50 to C$4.50 in a report released on Thursday morning.
CEU has been the topic of several other research reports. Canaccord Genuity lowered their price objective on shares of CES Energy Solutions from C$5.50 to C$4.75 in a research report on Thursday, November 22nd. TD Securities raised 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 research report on Wednesday, November 14th. National Bank Financial raised shares of CES Energy Solutions from a sector perform rating to an outperform rating and set a C$6.50 price objective on the stock in a research report on Tuesday, November 27th. Raymond James lowered their price target on shares of CES Energy Solutions from C$5.00 to C$4.50 and set an outperform rating on the stock in a research report on Wednesday. Finally, GMP Securities lowered their price target on shares of CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. CES Energy Solutions presently has a consensus rating of Buy and a consensus price target of C$5.88.
Shares of CEU stock opened at C$2.83 on Thursday. The stock has a market capitalization of $773.73 million and a price-to-earnings ratio of 21.77. The company has a debt-to-equity ratio of 72.49, a quick ratio of 1.91 and a current ratio of 3.43. CES Energy Solutions has a 52 week low of C$2.80 and a 52 week high of C$6.73.
The firm also recently declared a monthly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 15th were given a $0.005 dividend. This represents a $0.06 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Wednesday, January 30th. CES Energy Solutions’s dividend payout ratio (DPR) is currently 36.54%.
In other news, insider John Michael Hooks sold 20,000 shares of the business’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 sale, the insider now owns 1,512,171 shares of the company’s stock, valued at C$4,930,735.98.
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.
Further Reading: QQQ ETF
Receive News & Ratings for CES Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CES Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.