Insider Selling: CES Energy Solutions Corp (CEU) Director Sells C$24,256.50 in Stock

CES Energy Solutions Corp (TSE:CEU) Director Burton Joel Ahrens sold 7,850 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of C$3.09, for a total value of C$24,256.50.

Burton Joel Ahrens also recently made the following trade(s):

  • On Monday, November 19th, Burton Joel Ahrens purchased 4,350 shares of CES Energy Solutions stock. The stock was purchased at an average price of C$3.27 per share, with a total value of C$14,224.50.
  • On Friday, November 9th, Burton Joel Ahrens sold 5,500 shares of CES Energy Solutions stock. The shares were sold at an average price of C$3.33, for a total value of C$18,315.00.
  • On Friday, October 12th, Burton Joel Ahrens sold 9,200 shares of CES Energy Solutions stock. The shares were sold at an average price of C$3.89, for a total value of C$35,788.00.
  • On Wednesday, October 10th, Burton Joel Ahrens sold 450 shares of CES Energy Solutions stock. The shares were sold at an average price of C$3.84, for a total value of C$1,728.00.
  • On Thursday, September 13th, Burton Joel Ahrens sold 5,000 shares of CES Energy Solutions stock. The shares were sold at an average price of C$4.26, for a total value of C$21,300.00.

CES Energy Solutions stock opened at C$2.95 on Friday. The company has a debt-to-equity ratio of 72.49, a current ratio of 3.43 and a quick ratio of 1.91. CES Energy Solutions Corp has a twelve month low of C$2.89 and a twelve month high of C$6.86.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, November 8th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.03). The business had revenue of C$338.51 million during the quarter, compared to the consensus estimate of C$309.40 million. Analysts expect that CES Energy Solutions Corp will post 0.229999999220339 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.005 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.06 dividend on an annualized basis and a yield of 2.03%. CES Energy Solutions’s dividend payout ratio is currently 46.15%.

A number of brokerages recently issued reports on CEU. BMO Capital Markets lowered their price target on CES Energy Solutions from C$9.00 to C$8.00 in a report on Monday, August 13th. TD Securities upgraded CES Energy Solutions from a “buy” rating to an “action list buy” rating and set a C$7.00 target price for the company in a report on Wednesday, November 14th. National Bank Financial lowered CES Energy Solutions from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$7.00 to C$6.50 in a report on Wednesday, September 26th. Raymond James lowered their target price on CES Energy Solutions from C$7.50 to C$7.00 and set a “strong-buy” rating for the company in a report on Monday, September 24th. Finally, Canaccord Genuity lowered their target price on CES Energy Solutions from C$7.00 to C$5.50 in a report on Tuesday, October 16th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. CES Energy Solutions has an average rating of “Buy” and an average price target of C$7.53.

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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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