CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Director Michael Hallat sold 22,610 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction of C$174,357.02.
CES Energy Solutions Stock Performance
CES Energy Solutions stock opened at C$7.81 on Thursday. 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$8.35. The stock has a fifty day moving average of C$7.64 and a two-hundred day moving average of C$7.05. 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.
CES Energy Solutions (TSE:CEU - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing analysts' consensus estimates of C$0.25 by C($0.05). The company had revenue of C$553.20 million for the quarter, compared to analysts' expectations of C$544.70 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. On average, analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.
CES Energy Solutions Cuts Dividend
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, September 27th. CES Energy Solutions's dividend payout ratio is presently 15.38%.
Wall Street Analyst Weigh In
CEU has been the topic of a number of research analyst reports. National Bankshares boosted their price objective on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a "sector perform" rating in a report on Monday, July 29th. Scotiabank boosted their price target on CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. ATB Capital raised their price objective on CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th. Royal Bank of Canada lifted their price objective on CES Energy Solutions from C$9.00 to C$10.00 in a report on Friday, August 9th. Finally, TD Securities upped their target price on CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CES Energy Solutions currently has a consensus rating of "Buy" and a consensus price target of C$9.84.
Check Out Our Latest Stock Analysis on CES Energy Solutions
About CES Energy Solutions
(
Get Free Report)
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.
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