Kenneth Earl Zinger Buys 5,000 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Kenneth Earl Zinger acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of C$6.00 per share, with a total value of C$30,000.00.

Kenneth Earl Zinger also recently made the following trade(s):

• On Friday, April 4th, Kenneth Earl Zinger purchased 10,000 shares of CES Energy Solutions stock. The shares were purchased at an average cost of C$6.06 per share, for a total transaction of C$60,600.00.

CES Energy Solutions Stock Down 4.8 %

TSE:CEU opened at C$5.79 on Wednesday. The stock has a 50-day simple moving average of C$7.76 and a 200 day simple moving average of C$8.48. CES Energy Solutions Corp. has a 52-week low of C$5.29 and a 52-week high of C$10.20. The company has a market cap of C$1.29 billion, a PE ratio of 6.76, a PEG ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82.

CES Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a $0.0425 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.94%. CES Energy Solutions’s dividend payout ratio (DPR) is 14.01%.

Analysts Set New Price Targets

Several analysts recently commented on CEU shares. ATB Capital raised CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price objective on the stock in a research note on Friday, March 7th. Atb Cap Markets raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Finally, National Bankshares boosted their price objective on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. 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 stock. According to data from MarketBeat.com, CES Energy Solutions presently has an average rating of “Buy” and a consensus target price of C$10.59.

About CES Energy Solutions

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.