Insider Buying: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Buys 5,000 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Kenneth Earl Zinger bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average price of C$6.00 per share, for a total transaction of C$30,000.00.

Kenneth Earl Zinger also recently made the following trade(s):

• On Friday, April 4th, Kenneth Earl Zinger bought 10,000 shares of CES Energy Solutions stock. The stock was purchased at an average price of C$6.06 per share, with a total value of C$60,600.00.

CES Energy Solutions Trading Down 0.8 %

CES Energy Solutions stock traded down C$0.05 during trading hours on Monday, reaching C$6.08. 1,007,488 shares of the company’s stock traded hands, compared to its average volume of 690,097. CES Energy Solutions Corp. has a fifty-two week low of C$5.29 and a fifty-two week high of C$10.20. The firm’s 50 day moving average is C$7.94 and its 200-day moving average is C$8.52. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The firm has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 2.80%. 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 is presently 14.01%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CEU. National Bankshares upped their target price on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a report on Thursday, December 19th. ATB Capital raised shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 target price for the company in a research note on Friday, March 7th. Finally, Atb Cap Markets raised shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$10.59.

CES Energy Solutions Company Profile

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.