CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Senior Officer James Farnsworth Strickland sold 54,587 shares of CES Energy Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$9.13, for a total transaction of C$498,215.55.
CES Energy Solutions Stock Performance
Shares of CEU opened at C$9.08 on Wednesday. The stock has a market capitalization of C$2.12 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.61 and a beta of 2.31. 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 1 year low of C$3.28 and a 1 year high of C$9.43. The company's fifty day moving average is C$7.77 and its two-hundred day moving average is C$7.40.
CES Energy Solutions (TSE:CEU - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.14 by C$0.06. The business had revenue of C$606.52 million for the quarter, compared to analyst estimates of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. On average, sell-side analysts predict that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.
CES Energy Solutions Announces Dividend
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.32%. CES Energy Solutions's dividend payout ratio is currently 15.38%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CEU. BMO Capital Markets lifted their target price on CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Raymond James boosted their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Scotiabank raised their target price on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday. Royal Bank of Canada upped their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, TD Securities raised their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th. One research 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 company's stock. According to data from MarketBeat, CES Energy Solutions has a consensus rating of "Buy" and a consensus target price of C$10.16.
Check Out Our Latest Stock Report on CES Energy Solutions
CES Energy Solutions Company Profile
(
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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