CES Energy Solutions Corp. (TSE:CEU - Get Free Report) insider EdgePoint Investment Group Inc. sold 23,000 shares of the firm's stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$5.55, for a total value of C$127,650.00.
EdgePoint Investment Group Inc. also recently made the following trade(s):
- On Monday, March 18th, EdgePoint Investment Group Inc. acquired 477,897 shares of CES Energy Solutions stock. The shares were purchased at an average price of C$4.72 per share, for a total transaction of C$2,255,673.84.
CES Energy Solutions Stock Performance
Shares of CES Energy Solutions stock opened at C$5.62 on Thursday. CES Energy Solutions Corp. has a 12 month low of C$2.30 and a 12 month high of C$5.72. The company has a quick ratio of 1.78, a current ratio of 2.95 and a debt-to-equity ratio of 70.47. The stock has a market cap of C$1.31 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.61 and a beta of 2.43. The business has a fifty day simple moving average of C$4.58 and a 200-day simple moving average of C$3.96.
CES Energy Solutions (TSE:CEU - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, beating analysts' consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. On average, sell-side analysts anticipate that CES Energy Solutions Corp. will post 0.6762142 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 15th will be paid a $0.03 dividend. This is an increase from CES Energy Solutions's previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, March 27th. This represents a $0.12 annualized dividend and a dividend yield of 2.14%. CES Energy Solutions's dividend payout ratio (DPR) is presently 21.43%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on CEU shares. Stifel Nicolaus lifted their price target on shares of CES Energy Solutions from C$5.50 to C$7.50 in a research note on Wednesday, April 3rd. TD Securities lifted their price target on shares of CES Energy Solutions from C$5.00 to C$6.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Scotiabank upped their price objective on CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. BMO Capital Markets boosted their price target on CES Energy Solutions from C$5.50 to C$6.00 in a report on Thursday, March 28th. Finally, ATB Capital boosted their price objective on shares of CES Energy Solutions from C$5.25 to C$6.50 in a research report on Wednesday, April 3rd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$6.11.
Read 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.
Further Reading
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