Kenneth Earl Zinger Buys 200,000 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Kenneth Earl Zinger bought 200,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was purchased at an average price of C$7.03 per share, for a total transaction of C$1,405,600.00.

CES Energy Solutions Stock Down 1.0 %

Shares of CEU stock opened at C$6.95 on Wednesday. The company has a current ratio of 2.76, a quick ratio of 1.78 and a debt-to-equity ratio of 60.16. CES Energy Solutions Corp. has a 1 year low of C$2.41 and a 1 year high of C$7.24. The firm’s fifty day moving average price is C$6.34 and its two-hundred day moving average price is C$4.90. The firm has a market capitalization of C$1.63 billion, a P/E ratio of 9.79, a PEG ratio of 0.61 and a beta of 2.41.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.08. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. The company had revenue of C$588.58 million during the quarter, compared to the consensus estimate of C$555.63 million. On average, equities analysts predict that CES Energy Solutions Corp. will post 0.7197861 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 23.02%. The ex-dividend date is Tuesday, May 21st. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s dividend payout ratio (DPR) is 16.90%.

Analyst Ratings Changes

CEU has been the topic of a number of research analyst reports. Scotiabank raised their price objective on shares of CES Energy Solutions from C$5.85 to C$8.50 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Stifel Nicolaus raised their price objective on shares of CES Energy Solutions from C$7.50 to C$8.50 in a report on Thursday, May 9th. Raymond James raised their price objective on shares of CES Energy Solutions from C$6.75 to C$8.50 in a report on Friday, May 10th. ATB Capital raised their price objective on shares of CES Energy Solutions from C$5.25 to C$6.50 in a report on Wednesday, April 3rd. Finally, TD Securities raised their price objective on shares of CES Energy Solutions from C$7.00 to C$9.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$7.69.

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.