Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells 20,360 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Kenneth Earl Zinger sold 20,360 shares of CES Energy Solutions stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of C$3.82, for a total value of C$77,775.20.

CES Energy Solutions Stock Performance

CES Energy Solutions stock opened at C$3.76 on Thursday. CES Energy Solutions Corp. has a 12-month low of C$2.30 and a 12-month high of C$4.15. The stock has a 50-day simple moving average of C$3.75 and a 200 day simple moving average of C$3.11. The company has a quick ratio of 1.78, a current ratio of 3.21 and a debt-to-equity ratio of 69.06. The stock has a market capitalization of C$933.61 million, a price-to-earnings ratio of 6.71, a P/E/G ratio of 0.61 and a beta of 2.39.

CES Energy Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Thursday, September 28th. CES Energy Solutions’s dividend payout ratio is presently 17.86%.

Analysts Set New Price Targets

Several brokerages recently commented on CEU. ATB Capital boosted their price target on CES Energy Solutions from C$4.75 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. National Bank Financial restated an “outperform market weight” rating on shares of CES Energy Solutions in a research note on Wednesday, October 25th. Royal Bank of Canada increased their target price on shares of CES Energy Solutions from C$4.25 to C$5.00 and gave the stock an “outperform” rating in a research report on Monday. Scotiabank lifted their price target on shares of CES Energy Solutions from C$4.75 to C$5.30 and gave the company an “outperform” rating in a report on Monday. Finally, TD Securities upped their price objective on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock a “buy” rating in a research note on Friday, November 10th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CES Energy Solutions has a consensus rating of “Buy” and an average price target of C$4.69.

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. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.