CES Energy Solutions Corp (CEU) Insider Jason Douglas Waugh Sells 26,000 Shares of Stock

CES Energy Solutions Corp (TSE:CEU) insider Jason Douglas Waugh sold 26,000 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of C$3.92, for a total value of C$101,920.00.

CES Energy Solutions stock opened at C$3.67 on Thursday. CES Energy Solutions Corp has a 52 week low of C$3.60 and a 52 week high of C$7.34.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, August 9th. The company reported C$0.05 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.02 by C$0.03. CES Energy Solutions had a return on equity of 13.37% and a net margin of 7.45%. The firm had revenue of C$284.32 million during the quarter, compared to the consensus estimate of C$269.18 million.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 15th will be issued a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, October 30th.

CEU has been the topic of a number of research analyst reports. Canaccord Genuity dropped their price target on CES Energy Solutions from C$7.25 to C$7.00 in a research note on Friday, August 17th. National Bank Financial dropped their price target on CES Energy Solutions from C$8.20 to C$7.00 and set an “outperform” rating on the stock in a research note on Friday, August 10th. Raymond James dropped their price target on CES Energy Solutions from C$7.50 to C$7.00 and set a “strong-buy” rating on the stock in a research note on Monday, September 24th. Finally, BMO Capital Markets dropped their price target on CES Energy Solutions from C$9.00 to C$8.00 in a research note on Monday, August 13th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$7.81.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

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

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