John Michael Hooks Sells 300,000 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

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

CES Energy Solutions Trading Up 3.6 %

Shares of CES Energy Solutions stock opened at C$7.46 on Friday. 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 company has a fifty day simple moving average of C$7.68 and a 200-day simple moving average of C$6.78. The stock has a market cap of C$1.75 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.61 and a beta of 2.33. CES Energy Solutions Corp. has a 12-month low of C$3.28 and a 12-month high of C$8.35.

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

CES Energy Solutions Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CEU. National Bankshares upped their price objective on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Royal Bank of Canada increased their price target on CES Energy Solutions from C$9.00 to C$10.00 in a research report on Friday, August 9th. Scotiabank boosted 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. BMO Capital Markets raised their target price on shares of CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday, August 9th. Finally, ATB Capital boosted their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.