Insider Selling: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Sells C$76,204.26 in Stock

CES Energy Solutions Corp. (TSE:CEUGet Rating) Senior Officer Kenneth Earl Zinger sold 25,658 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of C$2.97, for a total value of C$76,204.26. Following the sale, the insider now owns 1,470,980 shares in the company, valued at approximately C$4,368,810.60.

Kenneth Earl Zinger also recently made the following trade(s):

  • On Thursday, September 22nd, Kenneth Earl Zinger acquired 10,000 shares of CES Energy Solutions stock. The shares were acquired at an average price of C$2.31 per share, for a total transaction of C$23,100.00.
  • On Monday, August 29th, Kenneth Earl Zinger acquired 5,000 shares of CES Energy Solutions stock. The shares were acquired at an average price of C$2.63 per share, for a total transaction of C$13,150.00.
  • On Friday, August 26th, Kenneth Earl Zinger acquired 7,000 shares of CES Energy Solutions stock. The shares were acquired at an average price of C$2.65 per share, for a total transaction of C$18,550.00.

CES Energy Solutions Trading Up 0.7 %

TSE:CEU opened at C$2.90 on Monday. The business’s 50-day moving average is C$2.61 and its two-hundred day moving average is C$2.55. The company has a debt-to-equity ratio of 95.92, a current ratio of 3.45 and a quick ratio of 1.78. CES Energy Solutions Corp. has a 12 month low of C$1.72 and a 12 month high of C$3.27. The firm has a market capitalization of C$739.52 million and a PE ratio of 11.15.

CES Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 2.76%. CES Energy Solutions’s dividend payout ratio (DPR) is 24.62%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. National Bankshares increased their target price on CES Energy Solutions from C$3.85 to C$4.00 and gave the stock an “outperform” rating in a research report on Monday, November 14th. BMO Capital Markets increased their target price on CES Energy Solutions from C$4.00 to C$4.50 in a research report on Friday, November 11th. Scotiabank increased their target price on CES Energy Solutions from C$3.90 to C$4.35 in a research report on Monday, November 14th. Stifel Nicolaus increased their target price on CES Energy Solutions from C$3.75 to C$4.50 in a research report on Friday, August 12th. Finally, Royal Bank of Canada increased their target price on CES Energy Solutions from C$3.50 to C$4.00 and gave the stock an “outperform” rating in a research report on Monday, November 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$4.44.

CES Energy Solutions Company Profile

(Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

See Also

Insider Buying and Selling by Quarter for CES Energy Solutions (TSE:CEU)

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