Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells C$411,527.85 in Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Anthony Michael Aulicino sold 54,507 shares of the business’s stock in a transaction on Thursday, July 4th. The stock was sold at an average price of C$7.55, for a total transaction of C$411,527.85.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$7.80 on Thursday. The stock has a market cap of C$1.83 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41. The firm has a 50-day moving average of C$6.92 and a two-hundred day moving average of C$5.33. CES Energy Solutions Corp. has a 1 year low of C$2.60 and a 1 year high of C$7.86. The company has a debt-to-equity ratio of 60.16, a current ratio of 2.76 and a quick ratio of 1.78.

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

CES Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were issued a $0.40 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $1.60 annualized dividend and a dividend yield of 20.51%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s payout ratio is currently 16.90%.

Analyst Ratings Changes

CEU has been the topic of a number of research analyst reports. National Bankshares boosted their target price on CES Energy Solutions from C$6.50 to C$7.00 in a research report on Thursday, May 9th. ATB Capital upped their price target 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. BMO Capital Markets lifted 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. TD Securities upped their target price on shares of CES Energy Solutions from C$7.00 to C$9.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Scotiabank lifted their price target on CES Energy Solutions from C$5.85 to C$8.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.