CES Energy Solutions Corp. (TSE:CEU) Senior Officer Kenneth Earl Zinger Buys 200,000 Shares

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Kenneth Earl Zinger acquired 200,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was acquired at an average price of C$7.03 per share, with a total value of C$1,405,600.00.

CES Energy Solutions Stock Performance

Shares of TSE:CEU opened at C$7.02 on Tuesday. The business’s 50 day moving average price is C$6.31 and its 200-day moving average price is C$4.87. The firm has a market capitalization of C$1.65 billion, a PE ratio of 9.89, a P/E/G ratio of 0.61 and a beta of 2.41. The company has a debt-to-equity ratio of 60.16, a current ratio of 2.76 and a quick ratio of 1.78. CES Energy Solutions Corp. has a 1 year low of C$2.41 and a 1 year high of C$7.24.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.08. The company had revenue of C$588.58 million for the quarter, compared to analyst estimates of C$555.63 million. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. As a group, equities research analysts expect that CES Energy Solutions Corp. will post 0.7197861 earnings per share for the current fiscal year.

CES Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.60 dividend on an annualized basis and a yield of 22.79%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s payout ratio is 16.90%.

Wall Street Analyst Weigh In

CEU has been the subject of a number of recent analyst reports. TD Securities boosted their price objective on CES Energy Solutions from C$7.00 to C$9.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. ATB Capital boosted their price objective on CES Energy Solutions from C$5.25 to C$6.50 in a research report on Wednesday, April 3rd. Scotiabank boosted their price objective on CES Energy Solutions from C$5.85 to C$8.50 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. BMO Capital Markets boosted their price objective on CES Energy Solutions from C$6.00 to C$8.00 in a research report on Tuesday, April 23rd. Finally, Raymond James lifted their price target on CES Energy Solutions from C$6.75 to C$8.50 in a research note on Friday, May 10th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$7.69.

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.