CES Energy Solutions Corp (TSE:CEU) Senior Officer Kenneth Earl Zinger purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of C$2.89 per share, for a total transaction of C$28,900.00. Following the completion of the purchase, the insider now directly owns 1,328,872 shares in the company, valued at approximately C$3,840,440.08.

CEU stock traded down C$0.08 during mid-day trading on Friday, reaching C$2.83. The company’s stock had a trading volume of 1,626,300 shares, compared to its average volume of 555,073. The company has a market cap of $773.73 million and a price-to-earnings ratio of 21.77. The company has a current ratio of 3.43, a quick ratio of 1.91 and a debt-to-equity ratio of 72.49. CES Energy Solutions Corp has a fifty-two week low of C$2.80 and a fifty-two week high of C$6.73.

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 15th were issued a $0.005 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $0.06 dividend on an annualized basis and a yield of 2.12%. CES Energy Solutions’s payout ratio is 36.54%.

A number of analysts have commented on the stock. GMP Securities cut their price objective on shares of CES Energy Solutions from C$3.50 to C$3.00 in a report on Thursday. Raymond James downgraded shares of CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from C$7.00 to C$5.00 in a report on Monday, February 4th. National Bank Financial cut their price objective on shares of CES Energy Solutions from C$6.50 to C$5.00 and set an “outperform” rating for the company in a report on Wednesday. Alliance Global Partners cut their price objective on shares of CES Energy Solutions from C$7.00 to C$5.00 in a report on Thursday. Finally, Cormark cut their price objective on shares of CES Energy Solutions from C$6.50 to C$4.50 in a report on Thursday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. CES Energy Solutions currently has an average rating of “Buy” and a consensus price target of C$5.88.

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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.

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

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