Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells C$547,890.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Anthony Michael Aulicino sold 54,789 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total transaction of C$547,890.00.

Anthony Michael Aulicino also recently made the following trade(s):

• On Tuesday, December 3rd, Anthony Michael Aulicino sold 20,000 shares of CES Energy Solutions stock. The stock was sold at an average price of C$9.85, for a total transaction of C$197,000.00.
• On Monday, November 18th, Anthony Michael Aulicino sold 17,667 shares of CES Energy Solutions stock. The shares were sold at an average price of C$8.99, for a total value of C$158,826.33.

CES Energy Solutions Stock Down 2.4 %

Shares of TSE CEU opened at C$9.76 on Tuesday. 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 firm has a market cap of C$2.28 billion, a PE ratio of 12.51, a P/E/G ratio of 0.61 and a beta of 2.31. The company’s fifty day simple moving average is C$9.32 and its 200 day simple moving average is C$8.23. CES Energy Solutions Corp. has a 12-month low of C$3.43 and a 12-month high of C$10.20.

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

CES Energy Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.23%. CES Energy Solutions’s dividend payout ratio is 15.38%.

Wall Street Analyst Weigh In

A number of research firms have commented on CEU. Raymond James upped their price target on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Atb Cap Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Scotiabank raised their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. ATB Capital upped 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. Finally, National Bankshares lifted their target price on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CES Energy Solutions currently has a consensus rating of “Moderate Buy” and an average price target of C$10.59.

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.