Stella Cosby Sells 4,304 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Director Stella Cosby sold 4,304 shares of CES Energy Solutions stock in a transaction on Thursday, January 2nd. The shares were 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 CES Energy Solutions stock opened at C$9.76 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. The firm has a market cap of C$2.28 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions Corp. has a twelve month low of C$3.43 and a twelve month high of C$10.20. The business has a 50-day moving average price of C$9.32 and a 200-day moving average price of C$8.23.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The business had revenue of C$606.52 million for the quarter, compared to the consensus estimate of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. Equities research analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 annualized dividend and a yield of 1.23%. CES Energy Solutions’s dividend payout ratio (DPR) is currently 15.38%.

Wall Street Analyst Weigh In

CEU has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Scotiabank lifted their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. National Bankshares increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Raymond James lifted their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Finally, Atb Cap Markets lowered CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.