Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells 54,587 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer James Farnsworth Strickland sold 54,587 shares of CES Energy Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$9.13, for a total value of C$498,215.55.

CES Energy Solutions Trading Down 1.1 %

CEU opened at C$8.98 on Thursday. CES Energy Solutions Corp. has a 52 week low of C$3.28 and a 52 week high of C$9.43. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. The business has a fifty day simple moving average of C$7.79 and a 200-day simple moving average of C$7.43. The firm has a market cap of C$2.10 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The company had revenue of C$606.52 million during the quarter, compared to analysts’ expectations of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. On average, equities analysts expect 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. Investors of record on Tuesday, December 31st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.34%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions’s payout ratio is currently 15.38%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Scotiabank lifted their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday. Raymond James upped their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. ATB Capital raised their target price on CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th. Finally, National Bankshares upped their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$10.16.

CES Energy Solutions Company Profile

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.