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

CES Energy Solutions Corp. (TSE:CEU) Director Stella Cosby sold 4,304 shares of the firm’s stock in a transaction 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 Price Performance

Shares of TSE:CEU opened at C$10.00 on Friday. 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 business’s 50 day moving average is C$9.28 and its 200 day moving average is C$8.20. The stock has a market cap of C$2.34 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions Corp. has a 52-week low of C$3.43 and a 52-week high of C$10.14.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The firm had revenue of C$606.52 million for the quarter, compared to analyst estimates of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. Sell-side analysts predict that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

CES Energy Solutions Dividend Announcement

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 $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.20%. CES Energy Solutions’s payout ratio is presently 15.38%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CEU shares. Royal Bank of Canada raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Atb Cap Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. National Bankshares upped their target price on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. ATB Capital raised their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Finally, Raymond James upped their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$10.59.

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.