Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Director Sells 4,304 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Director Stella Cosby sold 4,304 shares of CES Energy Solutions stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$43,040.00.

CES Energy Solutions Price Performance

Shares of TSE:CEU remained flat at C$10.00 during trading on Friday. The stock had a trading volume of 633,344 shares, compared to its average volume of 723,392. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. CES Energy Solutions Corp. has a 1 year low of C$3.43 and a 1 year high of C$10.14. The business’s 50-day moving average price is C$9.28 and its 200-day moving average price is C$8.20. The firm has a market capitalization of C$2.34 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The firm had revenue of C$606.52 million for the quarter, compared to analyst estimates of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. As a group, sell-side analysts forecast that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

Analyst Ratings Changes

A number of brokerages have commented on CEU. Atb Cap Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. ATB Capital boosted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Raymond James raised their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. National Bankshares increased 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 report on Thursday, December 19th. Finally, Royal Bank of Canada upped their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$10.59.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.