Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells 1,700 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Matthew Stephen Bell sold 1,700 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of C$7.50, for a total value of C$12,750.00.

Matthew Stephen Bell also recently made the following trade(s):

• On Monday, June 24th, Matthew Stephen Bell sold 8,131 shares of CES Energy Solutions stock. The shares were sold at an average price of C$6.92, for a total value of C$56,266.52.
• On Wednesday, June 12th, Matthew Stephen Bell sold 15,557 shares of CES Energy Solutions stock. The shares were sold at an average price of C$7.10, for a total value of C$110,454.70.

CES Energy Solutions Stock Up 3.6 %

Shares of CEU opened at C$7.70 on Monday. The firm has a market cap of C$1.81 billion, a P/E ratio of 10.85, a PEG ratio of 0.61 and a beta of 2.41. CES Energy Solutions Corp. has a 12 month low of C$2.47 and a 12 month high of C$7.73. The stock’s 50 day moving average is C$6.59 and its two-hundred day moving average is C$5.11. The company has a current ratio of 2.76, a quick ratio of 1.78 and a debt-to-equity ratio of 60.16.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.08. The firm had revenue of C$588.58 million for the quarter, compared to analysts’ expectations of C$555.63 million. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. Analysts predict that CES Energy Solutions Corp. will post 0.7197861 earnings per share for the current fiscal year.

CES Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a $0.40 dividend. The ex-dividend date was Tuesday, May 21st. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $1.60 dividend on an annualized basis and a yield of 20.78%. CES Energy Solutions’s dividend payout ratio (DPR) is currently 16.90%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Scotiabank lifted their price objective on shares of CES Energy Solutions from C$5.85 to C$8.50 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. BMO Capital Markets upped their price target on shares of CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd. Raymond James lifted their price objective on CES Energy Solutions from C$6.75 to C$8.50 in a research note on Friday, May 10th. TD Securities upped their target price on CES Energy Solutions from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, ATB Capital lifted their price target on CES Energy Solutions from C$8.25 to C$8.50 and gave the company an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$7.94.

About CES Energy Solutions

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.