CES Energy Solutions Corp. (TSE:CEU) Director Sells C$2,167,680.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 300,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total transaction of C$2,167,680.00.

CES Energy Solutions Stock Performance

TSE:CEU traded up C$0.26 during mid-day trading on Friday, hitting C$7.46. The stock had a trading volume of 657,161 shares, compared to its average volume of 574,891. CES Energy Solutions Corp. has a 52 week low of C$3.28 and a 52 week high of C$8.35. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. The stock has a market capitalization of C$1.75 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 0.61 and a beta of 2.33. The company has a 50 day simple moving average of C$7.69 and a 200-day simple moving average of C$6.76.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.05). The business had revenue of C$553.20 million for the quarter, compared to the consensus estimate of C$544.70 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. On average, research analysts expect that CES Energy Solutions Corp. will post 0.8780774 earnings per share for the current fiscal year.

CES Energy Solutions Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, September 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.61%. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Analyst Upgrades and Downgrades

CEU has been the subject of several research reports. Scotiabank lifted their price objective on CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. ATB Capital boosted their target price on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th. Raymond James lifted their price target on CES Energy Solutions from C$8.50 to C$10.50 and gave the company a “strong-buy” rating in a report on Monday, August 12th. TD Securities increased their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. Finally, National Bankshares boosted their target price on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CES Energy Solutions currently has a consensus rating of “Buy” and an average price target of C$9.81.

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.