John Michael Hooks Sells 4,382 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 4,382 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$32,952.64.

John Michael Hooks also recently made the following trade(s):

• On Thursday, September 26th, John Michael Hooks sold 300,000 shares of CES Energy Solutions stock. The stock was sold at an average price of C$7.23, for a total value of C$2,167,680.00.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$7.85 on Friday. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The firm has a market cap of C$1.84 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.61 and a beta of 2.33. The firm’s 50 day moving average price is C$7.66 and its 200-day moving average price is C$6.88. CES Energy Solutions Corp. has a one year low of C$3.28 and a one year high of C$8.35.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.05). The firm had revenue of C$553.20 million for the quarter, compared to analyst estimates of C$544.70 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. As a group, equities research analysts predict that CES Energy Solutions Corp. will post 0.8685121 EPS for the current year.

CES Energy Solutions Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.53%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

Analyst Upgrades and Downgrades

CEU has been the subject of a number of recent research reports. ATB Capital raised their target price on CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th. TD Securities lifted their target price on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. Raymond James boosted their target price on shares of CES Energy Solutions from C$8.50 to C$10.50 and gave the company a “strong-buy” rating in a report on Monday, August 12th. Scotiabank raised their price target on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada increased their price objective on CES Energy Solutions from C$9.00 to C$10.00 in a research report on Friday, August 9th. One 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$9.81.

CES Energy Solutions Company Profile

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.