CES Energy Solutions Corp.: Recent Insider Selling by Director Stella Cosby

On January 2nd, Stella Cosby, a director at CES Energy Solutions Corp. (TSE:CEU - Get Free Report), sold 4,304 shares of the company's stock. The shares were sold at an average price of C$10.00, resulting in a total transaction value of C$43,040.00.

Recent Stock Performance

As of Friday, the stock price of CES Energy Solutions remained unchanged at C$10.00 during trading. The trading volume for that day was 633,344 shares, which is lower than the average trading volume of 723,392. The company has demonstrated solid liquidity with a quick ratio of 1.78 and a current ratio of 3.18. CES Energy Solutions has a debt-to-equity ratio of 51.40, indicating the proportion of equity and debt the company is using to finance its assets. Over the last year, the stock hit a low of C$3.43 and peaked at C$10.14. Currently, the 50-day moving average is at C$9.28, while the 200-day moving average sits at C$8.20. CES Energy Solutions has a market capitalization of C$2.34 billion, with a price-to-earnings (PE) ratio of 12.82 and a price-to-earnings-to-growth (PEG) ratio of 0.61.

Latest Earnings Report

The company released its earnings results on November 6th, where it reported an earnings per share (EPS) of C$0.20 for the quarter. This surpassed analyst expectations, which were set at C$0.14. CES Energy Solutions reported revenue of C$606.52 million for the quarter, exceeding estimates of C$582.25 million. The return on equity (ROE) for the firm was 27.17%, with a net margin of 8.53%. Looking ahead, analysts project an EPS of approximately 0.86 for the current year.

Dividend Announcement

Certainly noteworthy, CES Energy Solutions has also announced a quarterly dividend scheduled to be paid on January 15th. Shareholders on record as of that date will receive a dividend of C$0.03 per share, translating to an annualized dividend of C$0.12, which represents a dividend yield of 1.20%. The ex-dividend date for this payment is set for December 31st. The company's current dividend payout ratio stands at 15.38%.

Analyst Ratings and Insights

A notable number of brokerages have provided updates regarding CES Energy Solutions. ATB Capital Markets has downgraded the stock from a 'strong-buy' to a 'hold' rating as of December 10th. Conversely, ATB Capital also increased its price target from C$10.00 to C$11.00 on the same date. In previous weeks, Raymond James raised their target price from C$10.50 to C$10.75, while National Bankshares revised their objective from C$10.00 to C$11.50, assigning the stock a 'sector perform' rating on December 19th. Royal Bank of Canada also increased their price target to C$11.00 on November 7th. Presently, two analysts have rated the stock as a hold, five have classified it as a buy, and one has provided a strong buy rating. According to MarketBeat, the stock currently has an average rating of 'Moderate Buy' with an average target price of C$10.59.

About CES Energy Solutions

CES Energy Solutions Corp. specializes in designing, implementing, and manufacturing advanced consumable fluids and specialty chemicals throughout the United States and Canada. The company targets various markets, including drill-bit applications, completion and stimulation services, as well as midstream and pipeline services.

Market Insights

As investors consider their positions in CES Energy Solutions, it's crucial to evaluate the overall market sentiment surrounding the company. While analysts have varied opinions, it's important to stay informed about possible fluctuations based on market trends and financial performance.

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