CES Energy Solutions Corp. (TSE:CEU) Director Sells C$266,500.00 in Stock

CES Energy Solutions Corp. (TSE:CEUGet Free Report) Director Kyle Kitagawa sold 50,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$5.33, for a total transaction of C$266,500.00.

CES Energy Solutions Price Performance

TSE:CEU traded up C$0.11 on Wednesday, hitting C$5.37. The company had a trading volume of 565,103 shares, compared to its average volume of 317,300. The stock has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.61 and a beta of 2.43. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 70.47. The firm has a 50 day moving average of C$4.41 and a two-hundred day moving average of C$3.89. CES Energy Solutions Corp. has a 52 week low of C$2.30 and a 52 week high of C$5.40.

CES Energy Solutions (TSE:CEUGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The business had revenue of C$553.46 million during the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. On average, research analysts anticipate that CES Energy Solutions Corp. will post 0.654979 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.12 annualized dividend and a dividend yield of 2.23%. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s dividend payout ratio (DPR) is presently 19.67%.

Analysts Set New Price Targets

CEU has been the topic of several research reports. ATB Capital upped their price objective on shares of CES Energy Solutions from C$5.00 to C$5.25 and gave the company an “outperform” rating in a report on Friday, March 1st. TD Securities boosted their price target on CES Energy Solutions from C$5.00 to C$6.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Stifel Nicolaus lifted their price objective on CES Energy Solutions from C$5.00 to C$5.50 and gave the company a “buy” rating in a report on Friday, March 1st. Scotiabank increased their target price on CES Energy Solutions from C$5.30 to C$5.85 in a report on Monday, March 4th. Finally, BMO Capital Markets boosted their target price on shares of CES Energy Solutions from C$5.50 to C$6.00 in a research report on Thursday, March 28th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CES Energy Solutions currently has an average rating of “Buy” and an average price target of C$5.70.

Check Out Our Latest Report on CES Energy Solutions

About CES Energy Solutions

(Get Free Report)

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.

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