Canaccord Genuity Increases CES Energy Solutions (TSE:CEU) Price Target to C$3.50

CES Energy Solutions (TSE:CEU) had its price target boosted by Canaccord Genuity from C$3.25 to C$3.50 in a research report released on Monday morning, BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. Raymond James upgraded shares of CES Energy Solutions from a neutral rating to a strong-buy rating and set a C$4.50 target price for the company in a research note on Friday, August 9th. BMO Capital Markets downgraded shares of CES Energy Solutions from an outperform rating to a market perform rating and decreased their target price for the company from C$4.00 to C$2.00 in a research note on Friday, August 9th. Royal Bank of Canada upgraded shares of CES Energy Solutions from a sector perform rating to an outperform rating and upped their target price for the company from C$3.00 to C$3.50 in a research note on Monday. Finally, National Bank Financial decreased their target price on shares of CES Energy Solutions from C$5.00 to C$4.50 and set an outperform rating for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of C$4.08.

Shares of CEU stock opened at C$1.81 on Monday. The company has a market capitalization of $504.96 million and a PE ratio of 13.92. The firm has a fifty day simple moving average of C$2.09 and a 200-day simple moving average of C$2.57. The company has a current ratio of 3.76, a quick ratio of 2.10 and a debt-to-equity ratio of 69.70. CES Energy Solutions has a twelve month low of C$1.68 and a twelve month high of C$5.13.

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.005 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $0.06 dividend on an annualized basis and a yield of 3.31%. CES Energy Solutions’s dividend payout ratio (DPR) is 46.15%.

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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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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