Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells 50,563 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Anthony Michael Aulicino sold 50,563 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$7.23, for a total value of C$365,570.49.

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

• On Thursday, January 2nd, Anthony Michael Aulicino sold 54,789 shares of CES Energy Solutions stock. The shares were sold at an average price of C$10.00, for a total value of C$547,890.00.

CES Energy Solutions Stock Performance

Shares of TSE:CEU traded down C$0.01 during trading on Tuesday, hitting C$7.19. 333,878 shares of the stock were exchanged, compared to its average volume of 607,459. CES Energy Solutions Corp. has a 1-year low of C$4.59 and a 1-year high of C$10.20. The company has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company’s fifty day simple moving average is C$8.54 and its 200-day simple moving average is C$8.54. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82.

CES Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, March 31st. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s dividend payout ratio (DPR) is 14.01%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CEU shares. National Bankshares increased 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. ATB Capital upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price target for the company in a research report on Friday, March 7th. Finally, Atb Cap Markets upgraded CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, CES Energy Solutions currently has a consensus rating of “Buy” and a consensus price target of C$10.59.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.