Insider Selling at CES Energy Solutions Corp.

On January 2nd, Stella Cosby, a director at CES Energy Solutions Corp. (TSE:CEU), sold 4,304 shares of the company’s stock. The shares were sold for an average price of C$10.00 each, bringing the total transaction value to C$43,040.00.

CES Energy Solutions operates within the energy sector, focusing on the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals across the United States and Canada. The company provides essential solutions in various markets, including drilling, wellhead, and midstream services.

Recent Stock Performance

The stock price of CES Energy Solutions remained stable at C$10.00 during trading on the following day. The trading volume recorded was 633,344 shares, which is slightly lower than the average volume of 723,392 shares. The company maintains a quick ratio of 1.78, a current ratio of 3.18, and a debt-to-equity ratio of 51.40. Over the past year, the stock has seen a low of C$3.43 and a high of C$10.14. The current 50-day moving average price stands at C$9.28, while the 200-day moving average price is C$8.20. With a market capitalization valued at C$2.34 billion, the company has recorded a PE ratio of 12.82 and a price-to-earnings-growth ratio of 0.61.

Earnings Overview

CER Energy Solutions announced its latest quarterly earnings on November 6th, reporting earnings per share (EPS) of C$0.20, which surpassed the consensus estimate of C$0.14 by C$0.06. Revenue for the quarter reached C$606.52 million, exceeding analyst expectations of C$582.25 million. The company also achieved a return on equity of 27.17% along with a net margin of 8.53%. Analysts project the company will report earnings of approximately 0.86 per share for the current year.

Dividend Information

A quarterly dividend has been declared, with a payment date slated for January 15th. Shareholders on record as of January 15th will receive a dividend of $0.03 per share, translating to an annualized dividend of $0.12 and a yield of 1.20%. The ex-dividend date for this payment is set for December 31st. Furthermore, CES Energy Solutions currently has a dividend payout ratio of 15.38%.

Analyst Recommendations

Various financial analysts have shared their insights regarding CES Energy Solutions. Recently, ATB Capital Markets downgraded the stock from a "strong buy" to a "hold" rating. Conversely, ATB Capital increased their target price from C$10.00 to C$11.00, while Raymond James adjusted their target price from C$10.50 to C$10.75. National Bankshares raised their price outlook from C$10.00 to C$11.50, and Royal Bank of Canada also increased their target from C$10.00 to C$11.00 in an earlier report. Presently, analysts have provided a mixed outlook with two recommending a hold, five suggesting a buy, and one signaling a strong buy. Market data indicates an average rating of "Moderate Buy" and an average target price of C$10.59.

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