Insider Selling at CES Energy Solutions Corp.

On Thursday, January 2nd, CES Energy Solutions Corp. (TSE:CEU - Get Free Report) witnessed insider selling when Director Stella Cosby sold 4,304 shares of the company's stock. The shares were transacted at an average price of C$10.00, amounting to a total sale value of C$43,040.00.

Price Performance of CES Energy Solutions

The trading activity on Friday showed that shares of TSE:CEU remained unchanged at C$10.00. The stock recorded a trading volume of 633,344 shares, slightly lower than its average volume of 723,392 shares. CES Energy Solutions Corp. has a quick ratio of 1.78 and a current ratio of 3.18, with a debt-to-equity ratio standing at 51.40. Over the past year, the stock saw a low of C$3.43 and a high of C$10.14. Its 50-day moving average price is C$9.28 and the 200-day moving average stands at C$8.20. CES Energy Solutions has a market capitalization of C$2.34 billion and a PE ratio of 12.82.

Earnings Report Highlights

CES Energy Solutions recently reported its earnings results on November 6th. The company announced earnings per share (EPS) of C$0.20 for the quarter, surpassing analyst predictions which estimated C$0.14 by C$0.06. The firm's revenue for the quarter totaled C$606.52 million, exceeding the analyst expectation of C$582.25 million. They reported a return on equity of 27.17% and a net margin of 8.53%. Current forecasts from sell-side analysts suggest that CES Energy Solutions is on track to post earnings of 0.8600646 per share for the current year.

Dividend Announcement

In addition, CES Energy Solutions recently declared a quarterly dividend to be paid on January 15th. Shareholders registered by this date will receive a dividend of C$0.03 per share, translating to an annualized dividend of C$0.12 and a yield of 1.20%. The ex-dividend date was set for December 31st. The company's dividend payout ratio stands at 15.38%.

Analyst Ratings Overview

Several brokerage firms have provided updates on CES Energy Solutions. ATB Capital Markets downgraded the stock from a "strong-buy" rating to a "hold" on December 10th. Conversely, they increased their price target for the shares from C$10.00 to C$11.00 the same day. Raymond James raised its price target from C$10.50 to C$10.75 on October 15th. National Bankshares also increased their price objective for CES Energy Solutions from C$10.00 to C$11.50 on December 19th, assigning a "sector perform" rating. Royal Bank of Canada upped their target from C$10.00 to C$11.00 on November 7th. Overall, market data shows that out of eight investment analysts, two rate the stock as a hold, five recommend buying, and one issues a strong buy rating, with an average target price of C$10.59 suggesting a "Moderate Buy" rating.

About CES Energy Solutions

CES Energy Solutions Corp. operates alongside its subsidiaries in the design, implementation, and manufacturing of advanced consumable fluids and specialty chemicals across the United States and Canada. Their solutions cater to various markets, including drill-bit, completion and stimulation, wellhead and pump-jack, as well as pipeline and midstream sectors.

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