CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells C$365,570.49 in Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Anthony Michael Aulicino sold 50,563 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$7.23, for a total transaction 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 transaction of C$547,890.00.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$7.39 on Friday. The stock has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions Corp. has a 1-year low of C$4.59 and a 1-year high of C$10.20. The company’s fifty day moving average is C$8.39 and its two-hundred day moving average is C$8.53. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Monday, March 31st. CES Energy Solutions’s dividend payout ratio is 14.01%.

Analysts Set New Price Targets

CEU has been the subject of several analyst reports. ATB Capital upgraded 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. 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. Finally, Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note 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. Based on data from MarketBeat, the company 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.