James Farnsworth Strickland Sells 54,587 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer James Farnsworth Strickland sold 54,587 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$9.13, for a total value of C$498,215.55.

CES Energy Solutions Trading Up 1.0 %

Shares of CEU stock opened at C$9.07 on Friday. The company has a market cap of C$2.12 billion, a P/E ratio of 11.63, a PEG ratio of 0.61 and a beta of 2.31. The stock has a 50 day simple moving average of C$7.79 and a two-hundred day simple moving average of C$7.43. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. CES Energy Solutions Corp. has a fifty-two week low of C$3.28 and a fifty-two week high of C$9.43.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The firm had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. Research analysts forecast that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.32%. CES Energy Solutions’s dividend payout ratio is presently 15.38%.

Wall Street Analyst Weigh In

CEU has been the subject of several research reports. Scotiabank raised their price target on CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday. Raymond James increased their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. National Bankshares raised their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. ATB Capital raised their price target on CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. Finally, Royal Bank of Canada raised their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. One 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 stock. According to data from MarketBeat, CES Energy Solutions presently has a consensus rating of “Buy” and an average target price of C$10.16.

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.