Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells 25,658 Shares of Stock

CES Energy Solutions Corp. (TSE:CEUGet Rating) Senior Officer Kenneth Earl Zinger sold 25,658 shares of CES Energy Solutions stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of C$2.97, for a total value of C$76,204.26. Following the sale, the insider now directly owns 1,470,980 shares in the company, valued at C$4,368,810.60.

Kenneth Earl Zinger also recently made the following trade(s):

  • On Thursday, September 22nd, Kenneth Earl Zinger purchased 10,000 shares of CES Energy Solutions stock. The stock was purchased at an average price of C$2.31 per share, with a total value of C$23,100.00.
  • On Monday, August 29th, Kenneth Earl Zinger purchased 5,000 shares of CES Energy Solutions stock. The stock was purchased at an average price of C$2.63 per share, with a total value of C$13,150.00.
  • On Friday, August 26th, Kenneth Earl Zinger purchased 7,000 shares of CES Energy Solutions stock. The stock was purchased at an average price of C$2.65 per share, with a total value of C$18,550.00.

CES Energy Solutions Stock Performance

Shares of TSE CEU opened at C$2.90 on Monday. The company has a current ratio of 3.45, a quick ratio of 1.78 and a debt-to-equity ratio of 95.92. The stock has a 50 day simple moving average of C$2.61 and a 200-day simple moving average of C$2.55. The company has a market cap of C$739.52 million and a PE ratio of 11.15. CES Energy Solutions Corp. has a 12-month low of C$1.72 and a 12-month high of C$3.27.

CES Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, December 29th. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 2.76%. CES Energy Solutions’s payout ratio is currently 24.62%.

Analysts Set New Price Targets

A number of research firms recently commented on CEU. ATB Capital lifted their price target on CES Energy Solutions from C$4.25 to C$5.25 in a research note on Friday, August 12th. Scotiabank lifted their price target on CES Energy Solutions from C$3.90 to C$4.35 in a research note on Monday, November 14th. Royal Bank of Canada lifted their target price on CES Energy Solutions from C$3.50 to C$4.00 and gave the company an “outperform” rating in a research note on Monday, November 14th. Canaccord Genuity Group lifted their target price on CES Energy Solutions from C$3.50 to C$4.50 in a research note on Wednesday, November 16th. Finally, BMO Capital Markets lifted their target price on CES Energy Solutions from C$4.00 to C$4.50 in a research note on Friday, November 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, CES Energy Solutions currently has a consensus rating of “Buy” and an average price target of C$4.44.

About CES Energy Solutions

(Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

See Also

Insider Buying and Selling by Quarter for CES Energy Solutions (TSE:CEU)

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