CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Director Kyle Kitagawa sold 50,000 shares of the company's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$5.33, for a total transaction of C$266,500.00.
CES Energy Solutions Price Performance
CES Energy Solutions stock opened at C$5.43 on Thursday. The business has a 50 day simple moving average of C$4.44 and a 200 day simple moving average of C$3.90. The company has a debt-to-equity ratio of 70.47, a current ratio of 2.95 and a quick ratio of 1.78. The company has a market capitalization of C$1.26 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.61 and a beta of 2.43. CES Energy Solutions Corp. has a one year low of C$2.30 and a one year high of C$5.45.
CES Energy Solutions (TSE:CEU - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. The firm had revenue of C$553.46 million during the quarter, compared to analyst estimates of C$538.23 million. On average, sell-side analysts forecast that CES Energy Solutions Corp. will post 0.6762142 EPS for the current fiscal year.
CES Energy Solutions Increases Dividend
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The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be issued a dividend of $0.03 per share. This is an increase from CES Energy Solutions's previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 2.21%. The ex-dividend date is Wednesday, March 27th. CES Energy Solutions's dividend payout ratio (DPR) is currently 21.43%.
Analyst Upgrades and Downgrades
CEU has been the subject of several recent research reports. BMO Capital Markets upped their price target on CES Energy Solutions from C$5.50 to C$6.00 in a report on Thursday, March 28th. Stifel Nicolaus boosted their price objective on CES Energy Solutions from C$5.50 to C$7.50 in a research report on Wednesday. TD Securities raised their target price on CES Energy Solutions from C$5.00 to C$6.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. Raymond James lifted their price target on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a "strong-buy" rating in a research note on Monday, March 4th. Finally, Scotiabank increased their price objective on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$6.11.
Check Out Our Latest Research Report on CEU
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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