Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells 20,000 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Anthony Michael Aulicino sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of C$9.85, for a total transaction of C$197,000.00.

Anthony Michael Aulicino also recently made the following trade(s):

• On Monday, November 18th, Anthony Michael Aulicino sold 17,667 shares of CES Energy Solutions stock. The shares were sold at an average price of C$8.99, for a total transaction of C$158,826.33.

CES Energy Solutions Stock Performance

Shares of TSE CEU opened at C$9.85 on Wednesday. The company’s fifty day moving average price is C$8.38 and its 200 day moving average price is C$7.76. The company has a market capitalization of C$2.31 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions Corp. has a 1 year low of C$3.28 and a 1 year high of C$9.89. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The company had revenue of C$606.52 million for the quarter, compared to the consensus estimate of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. On average, research analysts predict that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s payout ratio is presently 15.38%.

Wall Street Analysts Forecast Growth

CEU has been the subject of a number of research reports. BMO Capital Markets lifted their price target on CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Royal Bank of Canada upped their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. ATB Capital raised their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. Scotiabank upped their price objective on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Finally, Raymond James raised their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$10.16.

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.