Kenneth Earl Zinger Acquires 10,000 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

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

CES Energy Solutions Price Performance

CEU stock opened at C$6.13 on Friday. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. CES Energy Solutions Corp. has a 52-week low of C$5.29 and a 52-week high of C$10.20. The company has a market capitalization of C$1.37 billion, a P/E ratio of 7.15, a PEG ratio of 0.61 and a beta of 2.31. The company has a fifty day moving average price of C$7.94 and a 200-day moving average price of C$8.51.

CES Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.0425 per share. The ex-dividend date is Monday, March 31st. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.17 annualized dividend and a yield of 2.77%. CES Energy Solutions’s payout ratio is presently 14.01%.

Analysts Set New Price Targets

Several analysts recently issued reports on CEU shares. Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. National Bankshares boosted 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. Finally, ATB Capital upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price objective for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CES Energy Solutions presently has an average rating of “Buy” and a consensus price target of C$10.59.

About CES Energy Solutions

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.