John Michael Hooks Sells 300,000 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 300,000 shares of CES Energy Solutions stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total value of C$2,167,680.00.

CES Energy Solutions Price Performance

Shares of CEU opened at C$7.46 on Monday. The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78. The company’s fifty day moving average price is C$7.68 and its 200-day moving average price is C$6.81. CES Energy Solutions Corp. has a 1-year low of C$3.28 and a 1-year high of C$8.35. The firm has a market capitalization of C$1.75 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.61 and a beta of 2.33.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.05). CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The firm had revenue of C$553.20 million for the quarter, compared to analysts’ expectations of C$544.70 million. On average, equities research analysts predict that CES Energy Solutions Corp. will post 0.8780774 EPS for the current year.

CES Energy Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.12 annualized dividend and a yield of 1.61%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CEU shares. BMO Capital Markets lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Scotiabank upped their price target on CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. National Bankshares raised their price objective on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted their target price on CES Energy Solutions from C$9.00 to C$10.00 in a research note on Friday, August 9th. Finally, TD Securities increased their price target on CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$9.81.

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.