CES Energy Solutions Corp. (TSE:CEU) Director Michael Hallat Sells 22,610 Shares

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Director Michael Hallat sold 22,610 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total transaction of C$174,357.02.

CES Energy Solutions Price Performance

CEU traded up C$0.08 during midday trading on Wednesday, hitting C$7.81. 659,431 shares of the company traded hands, compared to its average volume of 579,329. The company has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.61 and a beta of 2.31. The business has a 50 day simple moving average of C$7.64 and a two-hundred day simple moving average of C$7.05. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. CES Energy Solutions Corp. has a 52-week low of C$3.28 and a 52-week high of C$8.35.

CES Energy Solutions (TSE:CEU - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.05). CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The firm had revenue of C$553.20 million during the quarter, compared to analyst estimates of C$544.70 million. On average, equities analysts forecast that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, September 27th. CES Energy Solutions's payout ratio is 15.38%.

Wall Street Analyst Weigh In

CEU has been the subject of several recent research reports. ATB Capital lifted their price target on CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. Royal Bank of Canada lifted their target price on shares of CES Energy Solutions from C$9.00 to C$10.00 in a report on Friday, August 9th. Scotiabank boosted their target price on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Raymond James raised their price target on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday. Finally, BMO Capital Markets upped their price objective on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CES Energy Solutions presently has an average rating of "Buy" and a consensus price target of C$9.84.

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.