Kenneth Earl Zinger Purchases 10,000 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Kenneth Earl Zinger bought 10,000 shares of CES Energy Solutions stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of C$6.06 per share, for a total transaction of C$60,600.00.

CES Energy Solutions Trading Down 10.4 %

Shares of CEU stock opened at C$6.13 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. CES Energy Solutions Corp. has a fifty-two week low of C$5.29 and a fifty-two week high of C$10.20. The firm’s 50 day moving average price is C$7.94 and its two-hundred day moving average price is C$8.52. The stock has a market cap of C$1.37 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 2.77%. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date is Monday, March 31st. CES Energy Solutions’s dividend payout ratio is 14.01%.

Wall Street Analyst Weigh In

CEU has been the topic of several recent analyst reports. National Bankshares increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Atb Cap Markets raised shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, ATB Capital raised shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price objective for the company in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$10.59.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.