Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells C$498,215.55 in Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer James Farnsworth Strickland sold 54,587 shares of CES Energy Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$9.13, for a total transaction of C$498,215.55.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$9.07 on Friday. 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 stock has a market cap of C$2.12 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The stock has a 50-day moving average of C$7.79 and a 200-day moving average of C$7.43. CES Energy Solutions Corp. has a one year low of C$3.28 and a one year high of C$9.43.

CES Energy Solutions (TSE:CEU) last posted its earnings results 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. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The business had revenue of C$606.52 million during the quarter, compared to analysts’ expectations of C$582.25 million. As a group, sell-side analysts expect that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is currently 15.38%.

Wall Street Analysts Forecast Growth

CEU has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Royal Bank of Canada boosted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Raymond James upped their price target on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Scotiabank boosted their price objective on CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday. Finally, ATB Capital boosted their price objective on CES Energy Solutions from C$8.50 to C$9.75 in a 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$10.16.

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.