CES Energy Solutions (CEU) Given Buy Rating at TD Securities

TD Securities reissued their buy rating on shares of CES Energy Solutions (TSE:CEU) in a report issued on Friday. TD Securities currently has a C$8.50 price target on the stock.

A number of other analysts also recently commented on the company. Raymond James Financial reaffirmed a strong-buy rating and set a C$8.50 price target on shares of CES Energy Solutions in a research report on Friday, February 9th. GMP Securities increased their price target on CES Energy Solutions from C$9.00 to C$9.50 in a research report on Monday, November 13th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. CES Energy Solutions presently has an average rating of Buy and an average target price of C$9.08.

Shares of CES Energy Solutions (TSE:CEU) traded up C$0.35 on Friday, hitting C$5.84. The company had a trading volume of 484,200 shares, compared to its average volume of 664,133. The stock has a market capitalization of $1,560.00, a P/E ratio of 58.40 and a beta of 0.97. CES Energy Solutions has a one year low of C$4.94 and a one year high of C$7.34.

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 15th will be given a dividend of $0.0025 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, February 27th. CES Energy Solutions’s payout ratio is 30.00%.

In other CES Energy Solutions news, Director Burton Joel Ahrens sold 5,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of C$6.19, for a total value of C$30,950.00. Also, insider Kenneth Earl Zinger sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of C$5.87, for a total value of C$58,700.00. Insiders have sold 25,000 shares of company stock valued at $152,050 over the last ninety days.

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About CES Energy Solutions

CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total 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.

Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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