Insider Buying: CES Energy Solutions Corp (TSE:CEU) Senior Officer Acquires 5,727 Shares of Stock

CES Energy Solutions Corp (TSE:CEU) Senior Officer Kenneth Earl Zinger acquired 5,727 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were purchased at an average price of C$2.28 per share, with a total value of C$13,057.56. Following the completion of the purchase, the insider now owns 1,421,362 shares in the company, valued at approximately C$3,240,705.36.

TSE:CEU opened at C$2.26 on Wednesday. The company has a current ratio of 3.76, a quick ratio of 2.10 and a debt-to-equity ratio of 69.70. The business’s 50 day moving average price is C$2.32. The stock has a market cap of $618.03 million and a price-to-earnings ratio of 17.38. CES Energy Solutions Corp has a 12 month low of C$2.16 and a 12 month high of C$5.13.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02). The firm had revenue of C$332.99 million during the quarter, compared to analyst estimates of C$318.23 million. Analysts anticipate that CES Energy Solutions Corp will post 0.21 earnings per share for the current year.

The business also recently declared a monthly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were given a $0.005 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.65%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 42.31%.

Several equities research analysts have commented on CEU shares. Canaccord Genuity cut their price objective on CES Energy Solutions from C$4.75 to C$4.25 in a research note on Wednesday, March 20th. Alliance Global Partners cut their price objective on CES Energy Solutions from C$7.00 to C$5.00 in a research note on Thursday, March 14th. Cormark cut their price objective on CES Energy Solutions from C$6.50 to C$4.50 in a research note on Thursday, March 14th. GMP Securities cut their price objective on CES Energy Solutions from C$3.50 to C$3.00 in a research note on Thursday, March 14th. Finally, BMO Capital Markets cut their price objective on CES Energy Solutions from C$5.00 to C$4.00 in a research note on Monday, May 13th.

CES Energy Solutions Company Profile

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.

Further Reading: Certificate of Deposit (CD)

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

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