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 CES Energy Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$9.13, for a total transaction of C$498,215.55.

CES Energy Solutions Stock Down 1.6 %

CEU traded down C$0.15 during midday trading on Tuesday, reaching C$9.04. 512,978 shares of the company were exchanged, compared to its average volume of 591,990. 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 company has a market cap of C$2.12 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company’s fifty day moving average price is C$7.75 and its 200 day moving average price is C$7.38. CES Energy Solutions Corp. has a one year low of C$3.28 and a one year high of C$9.43.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$606.52 million during 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%. As a group, analysts expect that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

CES Energy Solutions Dividend Announcement

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 given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.33%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CEU shares. Scotiabank increased their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday. Royal Bank of Canada increased their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Raymond James boosted their price target on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. BMO Capital Markets upped their target price on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Finally, National Bankshares raised their price target on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$10.16.

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.