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

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

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

Shares of TSE CEU opened at C$1.81 on Monday. CES Energy Solutions has a 12-month low of C$1.68 and a 12-month high of C$5.13. The company has a market capitalization of $504.96 million and a PE ratio of 13.92. The company has a debt-to-equity ratio of 69.70, a current ratio of 3.76 and a quick ratio of 2.10. The firm’s 50-day moving average is C$2.09 and its two-hundred day moving average is C$2.57.

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were given a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, July 30th. CES Energy Solutions’s dividend payout ratio is presently 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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