Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Director Sells 4,304 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Director Stella Cosby sold 4,304 shares of CES Energy Solutions stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00.

CES Energy Solutions Price Performance

Shares of CEU stock remained flat at C$10.00 on Friday. The company had a trading volume of 633,344 shares, compared to its average volume of 723,392. The stock's fifty day moving average is C$9.28 and its two-hundred day moving average is C$8.20. CES Energy Solutions Corp. has a twelve month low of C$3.43 and a twelve month high of C$10.14. The company has a market cap of C$2.34 billion, a P/E ratio of 12.82, a PEG ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40.

CES Energy Solutions (TSE:CEU - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The firm had revenue of C$606.52 million during the quarter, compared to analyst estimates of C$582.25 million. As a group, equities research analysts expect that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

CES Energy Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a yield of 1.20%. CES Energy Solutions's dividend payout ratio is currently 15.38%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CEU shares. Raymond James upped their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Royal Bank of Canada increased their price target on CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. ATB Capital lifted their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. Atb Cap Markets cut CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Scotiabank lifted their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$10.59.

About CES Energy Solutions

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.