Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Director Sells C$43,040.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) Director Stella Cosby sold 4,304 shares of the company’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$43,040.00.

CES Energy Solutions Trading Down 2.4 %

Shares of CEU stock opened at C$9.76 on Tuesday. The stock has a market capitalization of C$2.28 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.61 and a beta of 2.31. 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 firm’s 50 day moving average is C$9.32 and its 200 day moving average is C$8.23. CES Energy Solutions Corp. has a 12-month low of C$3.43 and a 12-month high of C$10.20.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 EPS 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 analyst estimates of C$582.25 million. Research analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s payout ratio is currently 15.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CEU shares. ATB Capital increased their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Royal Bank of Canada increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Atb Cap Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Scotiabank increased their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Finally, Raymond James boosted their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CES Energy Solutions presently has an average rating of “Moderate Buy” and an average price target of C$10.59.

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.