CES Energy Solutions Corp. (TSE:CEU) Senior Officer Acquires C$30,000.00 in Stock

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Senior Officer Kenneth Earl Zinger bought 5,000 shares of CES Energy Solutions stock in a transaction dated Monday, April 7th. The stock was purchased at an average price of C$6.00 per share, with a total value of C$30,000.00.

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

• On Friday, April 4th, Kenneth Earl Zinger purchased 10,000 shares of CES Energy Solutions stock. The stock was acquired at an average cost of C$6.06 per share, for a total transaction of C$60,600.00.

CES Energy Solutions Price Performance

CES Energy Solutions stock traded up C$0.20 during trading hours on Friday, hitting C$6.10. 720,414 shares of the stock were exchanged, compared to its average volume of 704,306. The business's 50-day moving average is C$7.57 and its two-hundred day moving average is C$8.43. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. CES Energy Solutions Corp. has a 12 month low of C$5.29 and a 12 month high of C$10.20. The stock has a market capitalization of C$1.36 billion, a P/E ratio of 7.12, a P/E/G ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Monday, March 31st. This is a positive change from CES Energy Solutions's previous quarterly dividend of $0.03. CES Energy Solutions's payout ratio is currently 14.01%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Atb Cap Markets upgraded CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. National Bankshares boosted their target price on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a "sector perform" rating in a research report on Thursday, December 19th. 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 target for the company in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, CES Energy Solutions presently has an average rating of "Buy" and an average price target of C$10.59.

About CES Energy Solutions

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.