CES Energy Solutions Corp. (TSE:CEU - Get Free Report) insider EdgePoint Investment Group Inc. sold 23,000 shares of CES Energy Solutions stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$5.55, for a total transaction of C$127,650.00.
EdgePoint Investment Group Inc. also recently made the following trade(s):
- On Monday, March 18th, EdgePoint Investment Group Inc. bought 477,897 shares of CES Energy Solutions stock. The shares were bought at an average price of C$4.72 per share, with a total value of C$2,255,673.84.
CES Energy Solutions Stock Up 3.1 %
Shares of TSE CEU traded up C$0.17 during trading on Wednesday, hitting C$5.62. The stock had a trading volume of 409,121 shares, compared to its average volume of 358,828. 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 firm has a fifty day moving average of C$4.58 and a two-hundred day moving average of C$3.96. 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 market capitalization of C$1.31 billion, a PE ratio of 10.04, a PEG ratio of 0.61 and a beta of 2.43.
CES Energy Solutions (TSE:CEU - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The firm had revenue of C$553.46 million for the quarter, compared to analysts' expectations of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. As a group, equities research analysts forecast that CES Energy Solutions Corp. will post 0.6762142 EPS for the current fiscal year.
CES Energy Solutions Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 15th will be given a $0.03 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.12 annualized dividend and a dividend yield of 2.14%. This is a positive change from CES Energy Solutions's previous quarterly dividend of $0.03. CES Energy Solutions's payout ratio is 21.43%.
Analyst Upgrades and Downgrades
CEU has been the subject of a number of recent analyst reports. ATB Capital upped 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. Royal Bank of Canada increased their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a research note on Friday, March 1st. TD Securities lifted their price target on shares of CES Energy Solutions from C$5.00 to C$6.00 and gave the company a "buy" rating in a research note on Friday, March 1st. BMO Capital Markets increased their price objective on shares of CES Energy Solutions from C$5.50 to C$6.00 in a research report on Thursday, March 28th. Finally, Raymond James upped their target price 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. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CES Energy Solutions presently has a consensus rating of "Buy" and an average price target of C$6.11.
Check Out Our Latest Stock Analysis on CES Energy Solutions
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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