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

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Matthew Stephen Bell sold 1,700 shares of the business’s stock in a transaction on Friday, June 28th. The stock was 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 transaction 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 transaction of C$110,454.70.

CES Energy Solutions Stock Up 4.1 %

TSE:CEU opened at C$7.70 on Friday. CES Energy Solutions Corp. has a 1-year low of C$2.47 and a 1-year high of C$7.73. The company has a 50-day moving average of C$6.59 and a 200 day moving average of C$5.09. The firm has a market cap of C$1.81 billion, a PE ratio of 10.85, a price-to-earnings-growth 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 (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 during the quarter, compared to analyst estimates of C$555.63 million. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. As a group, research analysts anticipate that CES Energy Solutions Corp. will post 0.7197861 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 20.78%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, May 21st. CES Energy Solutions’s dividend payout ratio is presently 16.90%.

Analyst Ratings Changes

A number of research analysts have weighed in on CEU shares. TD Securities boosted their price objective on shares of 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. Stifel Nicolaus boosted their price objective on shares of CES Energy Solutions from C$7.50 to C$8.50 in a research report on Thursday, May 9th. Royal Bank of Canada boosted their price objective on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Friday, March 1st. Scotiabank boosted their price objective on shares of 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. Finally, Raymond James boosted their price objective on shares of CES Energy Solutions from C$6.75 to C$8.50 in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CES Energy Solutions presently has an average rating of “Buy” and an average price target of C$7.94.

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.