CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells C$56,266.52 in Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Matthew Stephen Bell sold 8,131 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$6.92, for a total value of C$56,266.52.

Matthew Stephen Bell also recently made the following trade(s):

• On Wednesday, June 12th, Matthew Stephen Bell sold 15,557 shares of CES Energy Solutions stock. The stock was sold at an average price of C$7.10, for a total transaction of C$110,454.70.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$7.16 on Thursday. The company has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.61 and a beta of 2.41. CES Energy Solutions Corp. has a 1-year low of C$2.42 and a 1-year high of C$7.24. The company has a current ratio of 2.76, a quick ratio of 1.78 and a debt-to-equity ratio of 60.16. The stock’s fifty day simple moving average is C$6.51 and its 200-day simple moving average is C$5.04.

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, topping analysts’ consensus estimates of C$0.15 by C$0.08. The firm had revenue of C$588.58 million during the quarter, compared to analyst estimates of C$555.63 million. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. On average, sell-side analysts predict that CES Energy Solutions Corp. will post 0.7197861 earnings per share for the current fiscal year.

CES Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $1.60 dividend on an annualized basis and a yield of 22.35%. CES Energy Solutions’s payout ratio is presently 16.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CEU shares. ATB Capital lifted their price objective on shares of CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. BMO Capital Markets upped their price target on CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd. Royal Bank of Canada raised their price objective on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Raymond James boosted their target price on CES Energy Solutions from C$6.75 to C$8.50 in a research report on Friday, May 10th. Finally, National Bankshares upped their price objective on shares of CES Energy Solutions from C$6.50 to C$7.00 in a research note on Thursday, May 9th. One 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. According to data from MarketBeat, the company presently has a consensus 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.