CES Energy Solutions Corp. (TSE:CEU) Director Sells 4,382 Shares

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 4,382 shares of CES Energy Solutions stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$32,952.64.

John Michael Hooks also recently made the following trade(s):

• On Thursday, September 26th, John Michael Hooks sold 300,000 shares of CES Energy Solutions stock. The stock was sold at an average price of C$7.23, for a total value of C$2,167,680.00.

CES Energy Solutions Trading Up 0.8 %

Shares of TSE:CEU opened at C$7.85 on Friday. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The stock’s 50-day moving average is C$7.66 and its 200-day moving average is C$6.90. The company has a market cap of C$1.84 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.61 and a beta of 2.33. CES Energy Solutions Corp. has a 52-week low of C$3.28 and a 52-week high of C$8.35.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$553.20 million during the quarter, compared to analyst estimates of C$544.70 million. Equities research analysts predict that CES Energy Solutions Corp. will post 0.8685121 earnings per share for the current year.

CES Energy Solutions Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, September 27th. CES Energy Solutions’s dividend payout ratio (DPR) is currently 15.38%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CEU. ATB Capital raised their price objective on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. TD Securities raised their price target on shares of CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. Royal Bank of Canada upped their price objective on shares of CES Energy Solutions from C$9.00 to C$10.00 in a report on Friday, August 9th. Scotiabank raised their target price on CES Energy Solutions from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, BMO Capital Markets boosted their price target on CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.