CES Energy Solutions Corp (TSE:CEU) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.08 and last traded at C$2.76, with a volume of 313552 shares. The stock had previously closed at C$2.75.

Several equities research analysts have recently commented on CEU shares. Raymond James downgraded shares of CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from C$7.00 to C$5.00 in a research note on Monday, February 4th. National Bank Financial decreased their target price on shares of CES Energy Solutions from C$6.50 to C$5.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th. GMP Securities decreased their target price on shares of CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday, March 14th. Cormark decreased their target price on shares of CES Energy Solutions from C$6.50 to C$4.50 in a research report on Thursday, March 14th. Finally, Alliance Global Partners decreased their target price on shares of CES Energy Solutions from C$7.00 to C$5.00 in a research report on Thursday, March 14th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$5.83.

The stock has a market cap of $736.51 million and a PE ratio of 16.29. The company has a current ratio of 3.91, a quick ratio of 2.16 and a debt-to-equity ratio of 70.06.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Tuesday, March 12th. The company reported C$0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.02. The business had revenue of C$347.91 million for the quarter, compared to analyst estimates of C$323.05 million. On average, research analysts forecast that CES Energy Solutions Corp will post 0.209999994878049 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.06 dividend on an annualized basis and a yield of 2.17%. CES Energy Solutions’s dividend payout ratio is presently 27.94%.

In other news, Senior Officer Kenneth Earl Zinger acquired 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average price of C$2.89 per share, with a total value of C$28,900.00. Following the completion of the acquisition, the insider now owns 1,328,872 shares of the company’s stock, valued at C$3,840,440.08. Also, Director Thomas James Simons acquired 8,900 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was purchased at an average cost of C$2.89 per share, with a total value of C$25,704.98. Following the acquisition, the director now directly owns 2,322,742 shares of the company’s stock, valued at approximately C$6,708,543.44.

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About CES Energy Solutions (TSE:CEU)

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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