CES Energy Solutions Corp (CEU) PT Raised to C$8.00 at Canaccord Genuity

CES Energy Solutions Corp (TSE:CEU) had its price objective boosted by Canaccord Genuity from C$7.50 to C$8.00 in a research note issued to investors on Monday morning.

Several other research firms have also recently weighed in on CEU. BMO Capital Markets reissued an outperform rating and set a C$9.00 price target on shares of CES Energy Solutions Corp in a report on Monday, May 15th. Raymond James Financial, Inc. increased their price target on CES Energy Solutions Corp from C$7.50 to C$8.75 and gave the company a strong-buy rating in a report on Friday, May 19th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of C$8.71.

Shares of CES Energy Solutions Corp (TSE CEU) opened at 5.28 on Monday. The firm has a 50-day moving average price of $5.88 and a 200-day moving average price of $6.74. CES Energy Solutions Corp has a 52-week low of $4.38 and a 52-week high of $6.51. The stock’s market capitalization is $1.68 billion.

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The company also recently declared a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.0025 per share. The ex-dividend date was Thursday, July 27th. This represents a $0.03 annualized dividend and a dividend yield of 0.57%.

In other news, insider Kenneth Earl Zinger sold 20,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of C$5.80, for a total transaction of C$116,000.00. Also, Director Burton Joel Ahrens sold 5,000 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of C$6.52, for a total value of C$32,600.00. Insiders have sold a total of 82,267 shares of company stock worth $560,228 over the last three months.

About CES Energy Solutions Corp

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.

Analyst Recommendations for CES Energy Solutions Corp (TSE:CEU)

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