Insider Buying: CES Energy Solutions Corp. (TSE:CEU) Senior Officer Acquires C$60,600.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Kenneth Earl Zinger bought 10,000 shares of the company’s stock in a transaction on Friday, April 4th. The stock was bought at an average cost of C$6.06 per share, with a total value of C$60,600.00.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$6.13 on Monday. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The business’s fifty day moving average price is C$7.94 and its two-hundred day moving average price is C$8.52. The stock has a market cap of C$1.37 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions Corp. has a one year low of C$5.29 and a one year high of C$10.20.

CES Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s dividend payout ratio (DPR) is currently 14.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CEU. National Bankshares upped their price target on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Atb Cap Markets raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, ATB Capital upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price target for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$10.59.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.