CES Energy Solutions Corp. (TSE:CEU) Director Sells C$43,040.00 in Stock

CES Energy Solutions Corp. (TSE:CEUGet Free Report) Director Stella Cosby sold 4,304 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00.

CES Energy Solutions Stock Performance

CES Energy Solutions stock remained flat at C$10.00 during mid-day trading on Friday. The company had a trading volume of 633,344 shares, compared to its average volume of 723,392. The business has a 50-day moving average price of C$9.28 and a two-hundred day moving average price of C$8.20. 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$2.34 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions Corp. has a 52 week low of C$3.43 and a 52 week high of C$10.14.

CES Energy Solutions (TSE:CEUGet Free Report) last issued 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. The firm had revenue of C$606.52 million during the quarter, compared to the consensus estimate 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 EPS for the current fiscal year.

CES Energy Solutions Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.20%. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank of Canada boosted their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Atb Cap Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. ATB Capital boosted their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Raymond James increased their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Finally, National Bankshares upped their price target 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. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.59.

Get Our Latest Stock Analysis on CES Energy Solutions

About CES Energy Solutions

(Get Free Report)

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.

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