Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Director Sells 22,610 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total transaction of C$174,357.02.

CES Energy Solutions Trading Up 0.8 %

TSE:CEU traded up C$0.06 during mid-day trading on Wednesday, hitting C$7.79. 516,008 shares of the stock traded hands, compared to its average volume of 578,493. 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 52 week low of C$3.28 and a 52 week high of C$8.35. The stock has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.61 and a beta of 2.31. The firm’s 50 day moving average is C$7.64 and its two-hundred day moving average is C$7.02.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.05). The business had revenue of C$553.20 million during the quarter, compared to analysts’ expectations of C$544.70 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. On average, equities research analysts predict that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.03 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.54%. CES Energy Solutions’s payout ratio is currently 15.38%.

Analyst Ratings Changes

Several research analysts recently weighed in on CEU shares. National Bankshares upped their target price on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a report on Monday, July 29th. BMO Capital Markets upped their price target on CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Scotiabank raised their target price on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Raymond James increased their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday. Finally, Royal Bank of Canada increased their price target on shares of CES Energy Solutions from C$9.00 to C$10.00 in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$9.84.

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.