Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells 17,667 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Anthony Michael Aulicino sold 17,667 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$8.99, for a total value of C$158,826.33.

CES Energy Solutions Trading Up 2.1 %

Shares of TSE:CEU opened at C$9.73 on Friday. The company has a market capitalization of C$2.28 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions Corp. has a 1 year low of C$3.28 and a 1 year high of C$9.73. 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 business’s 50 day simple moving average is C$7.96 and its 200 day simple moving average is C$7.55.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The firm 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%. On average, research analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued 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 dividend payout ratio (DPR) is 15.38%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CEU shares. BMO Capital Markets upped their price objective on CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Raymond James increased their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Scotiabank increased their target price on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Royal Bank of Canada increased their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Finally, ATB Capital increased their target price on CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CES Energy Solutions presently has an average rating of “Buy” and an average price target of C$10.16.

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.