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

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Senior Officer Kenneth Earl Zinger purchased 10,000 shares of the business's stock in a transaction dated 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.

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

• On Monday, April 7th, Kenneth Earl Zinger bought 5,000 shares of CES Energy Solutions stock. The shares were acquired at an average cost of C$6.00 per share, for a total transaction of C$30,000.00.

CES Energy Solutions Stock Performance

Shares of CEU traded up C$0.61 on Wednesday, reaching C$6.40. 783,978 shares of the stock traded hands, compared to its average volume of 701,308. The firm has a market cap of C$1.43 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions Corp. has a 12 month low of C$5.29 and a 12 month high of C$10.20. The stock's 50-day moving average price is C$7.67 and its 200-day moving average price is C$8.46. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a $0.0425 dividend. This is an increase from CES Energy Solutions's previous quarterly dividend of $0.03. This represents a $0.17 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, March 31st. CES Energy Solutions's payout ratio is presently 14.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CEU shares. National Bankshares increased their price objective on CES Energy Solutions from C$10.00 to C$11.50 and gave the company 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 report 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 report on Friday, March 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average 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.