Raymond James Financial Reaffirms “Strong-Buy” Rating for CES Energy Solutions (CEU)

Raymond James Financial reiterated their strong-buy rating on shares of CES Energy Solutions (TSE:CEU) in a report issued on Friday morning. Raymond James Financial currently has a C$8.50 target price on the stock.

Separately, GMP Securities raised their target price on shares of CES Energy Solutions from C$8.00 to C$9.00 in a research note on Wednesday, October 18th.

Shares of CES Energy Solutions (TSE:CEU) opened at C$5.59 on Friday. The stock has a market cap of $1,500.00, a PE ratio of 55.90 and a beta of 0.97. CES Energy Solutions has a 12 month low of C$4.94 and a 12 month high of C$7.34.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.0025 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, January 30th. CES Energy Solutions’s dividend payout ratio is presently 30.00%.

In related news, Director Burton Joel Ahrens sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of C$6.68, for a total transaction of C$33,400.00. Also, insider Kenneth Earl Zinger sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of C$5.87, for a total transaction of C$58,700.00. In the last 90 days, insiders have sold 31,229 shares of company stock valued at $189,362.

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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.

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