CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells C$197,140.84 in Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Matthew Stephen Bell sold 26,146 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of C$7.54, for a total transaction of C$197,140.84.

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

• On Friday, June 28th, Matthew Stephen Bell sold 1,700 shares of CES Energy Solutions stock. The shares were sold at an average price of C$7.50, for a total transaction of C$12,750.00.
• 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 transaction 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 transaction of C$110,454.70.

CES Energy Solutions Trading Down 5.3 %

Shares of TSE:CEU opened at C$7.39 on Friday. CES Energy Solutions Corp. has a 12 month low of C$2.60 and a 12 month high of C$7.86. The company has a quick ratio of 1.78, a current ratio of 2.76 and a debt-to-equity ratio of 60.16. The company’s fifty day simple moving average is C$6.95 and its 200 day simple moving average is C$5.34. The firm has a market cap of C$1.74 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.61 and a beta of 2.41.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 EPS for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.08. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. The business had revenue of C$588.58 million for the quarter, compared to analyst estimates of C$555.63 million. As a group, research analysts forecast that CES Energy Solutions Corp. will post 0.7197861 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 21.65%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, May 21st. CES Energy Solutions’s dividend payout ratio (DPR) is presently 16.90%.

Analyst Ratings Changes

Several research firms have recently commented on CEU. National Bankshares increased their price target on shares of CES Energy Solutions from C$6.50 to C$7.00 in a research note on Thursday, May 9th. BMO Capital Markets raised their price objective on shares of CES Energy Solutions from C$6.00 to C$8.00 in a research note on Tuesday, April 23rd. Raymond James raised their price objective on shares of CES Energy Solutions from C$6.75 to C$8.50 in a research note on Friday, May 10th. Scotiabank raised 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. Finally, ATB Capital raised their price objective on shares of CES Energy Solutions from C$8.25 to C$8.50 and gave the company an “outperform” rating in a research note on Friday, June 28th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$7.94.

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.