CES Energy Solutions (TSE:CEU) Reaches New 1-Year Low – Here’s What Happened

Shares of CES Energy Solutions Corp. (TSE:CEU) hit a new 52-week low during trading on Monday . The company traded as low as C$0.00 and last traded at C$7.91, with a volume of 169558 shares traded. The stock had previously closed at C$8.00.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CEU. Royal Bank of Canada raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. National Bankshares upped their target price on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Scotiabank raised their price target on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Atb Cap Markets lowered shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, ATB Capital raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CES Energy Solutions presently has a consensus rating of “Moderate Buy” and an average target price of C$10.59.

CES Energy Solutions Price Performance

The stock’s fifty day simple moving average is C$9.11 and its 200 day simple moving average is C$8.59. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The firm has a market capitalization of C$1.69 billion, a P/E ratio of 8.82, a P/E/G ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.59%. CES Energy Solutions’s dividend payout ratio is presently 14.01%.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$547,890.00. Also, Director Stella Cosby sold 4,304 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. Insiders sold 79,093 shares of company stock valued at $787,930 in the last quarter. 3.03% of the stock is currently owned by corporate insiders.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.