CES Energy Solutions Corp. (TSE:CEU) Senior Officer Matthew Stephen Bell Sells 1,700 Shares

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Senior Officer Matthew Stephen Bell sold 1,700 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of C$7.50, for a total transaction of C$12,750.00.

Matthew Stephen Bell also recently made the following trade(s):

• On Monday, June 24th, Matthew Stephen Bell sold 8,131 shares of CES Energy Solutions stock. The stock was sold at an average price of C$6.92, for a total value of C$56,266.52.
• On Wednesday, June 12th, Matthew Stephen Bell sold 15,557 shares of CES Energy Solutions stock. The shares were sold at an average price of C$7.10, for a total value of C$110,454.70.

CES Energy Solutions Stock Up 4.1 %

Shares of CEU stock traded up C$0.30 during trading hours on Friday, hitting C$7.70. 1,828,482 shares of the company were exchanged, compared to its average volume of 531,885. CES Energy Solutions Corp. has a 52 week low of C$2.47 and a 52 week high of C$7.73. The company has a current ratio of 2.76, a quick ratio of 1.78 and a debt-to-equity ratio of 60.16. The business has a 50 day moving average of C$6.59 and a two-hundred day moving average of C$5.09. The company has a market capitalization of C$1.81 billion, a PE ratio of 10.85, a PEG ratio of 0.61 and a beta of 2.41.

CES Energy Solutions (TSE:CEU - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.15 by C$0.08. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. The firm had revenue of C$588.58 million during the quarter, compared to analysts' expectations of C$555.63 million. Analysts anticipate that CES Energy Solutions Corp. will post 0.7197861 earnings per share for the current fiscal year.

CES Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were issued a $0.40 dividend. The ex-dividend date was Tuesday, May 21st. This is an increase from CES Energy Solutions's previous quarterly dividend of $0.03. This represents a $1.60 dividend on an annualized basis and a dividend yield of 20.78%. CES Energy Solutions's dividend payout ratio (DPR) is 16.90%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CEU. Royal Bank of Canada raised their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a report on Friday, March 1st. BMO Capital Markets boosted their price objective on shares of CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd. TD Securities upped their target price on shares of CES Energy Solutions from C$7.00 to C$9.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Scotiabank lifted their price target on shares of CES Energy Solutions from C$5.85 to C$8.50 and gave the stock an "outperform" rating in a research report on Tuesday, May 14th. Finally, Stifel Nicolaus boosted their price target on shares of CES Energy Solutions from C$7.50 to C$8.50 in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$7.94.

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