Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Director Sells 300,000 Shares of 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 Up 3.6 %

Shares of TSE CEU opened at C$7.46 on Friday. The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78. The firm’s 50-day moving average is C$7.68 and its two-hundred day moving average is C$6.78. CES Energy Solutions Corp. has a 12-month low of C$3.28 and a 12-month high of C$8.35. The company has a market capitalization of C$1.75 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.61 and a beta of 2.33.

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

CES Energy Solutions Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Raymond James boosted their target price on CES Energy Solutions from C$8.50 to C$10.50 and gave the stock a “strong-buy” rating in a research report on Monday, August 12th. Royal Bank of Canada increased their price objective on CES Energy Solutions from C$9.00 to C$10.00 in a research report on Friday, August 9th. Scotiabank boosted their target price on shares of 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. National Bankshares increased their price target 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. Finally, TD Securities boosted their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$9.81.

CES Energy Solutions Company Profile

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.