CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells C$547,890.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Anthony Michael Aulicino sold 54,789 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total value of C$547,890.00.

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

• On Tuesday, December 3rd, Anthony Michael Aulicino sold 20,000 shares of CES Energy Solutions stock. The shares were sold at an average price of C$9.85, for a total value of C$197,000.00.
• On Monday, November 18th, Anthony Michael Aulicino sold 17,667 shares of CES Energy Solutions stock. The shares were sold at an average price of C$8.99, for a total value of C$158,826.33.

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$9.76 on Tuesday. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. The stock has a fifty day simple moving average of C$9.32 and a two-hundred day simple moving average of C$8.23. CES Energy Solutions Corp. has a 1-year low of C$3.43 and a 1-year high of C$10.20. The firm has a market cap of C$2.28 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The company had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. Analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.23%. CES Energy Solutions’s payout ratio is 15.38%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Atb Cap Markets lowered shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. National Bankshares increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. ATB Capital lifted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Raymond James upped their target price on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Finally, Scotiabank increased their price target on CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$10.59.

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.