Insider Buying: CES Energy Solutions Corp. (TSE:CEU) Insider Acquires C$2,255,673.84 in Stock

CES Energy Solutions Corp. (TSE:CEU) insider EdgePoint Investment Group Inc. bought 477,897 shares of the company’s stock in a transaction on Monday, March 18th. The shares were acquired at an average price of C$4.72 per share, with a total value of C$2,255,673.84.

CES Energy Solutions Stock Performance

TSE CEU opened at C$4.67 on Thursday. The company’s fifty day simple moving average is C$4.33 and its 200-day simple moving average is C$3.87. CES Energy Solutions Corp. has a 52 week low of C$2.30 and a 52 week high of C$4.88. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 70.47. The stock has a market cap of C$1.09 billion, a P/E ratio of 7.66, a PEG ratio of 0.61 and a beta of 2.43.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The business had revenue of C$553.46 million for the quarter, compared to analysts’ expectations of C$538.23 million. Equities research analysts predict that CES Energy Solutions Corp. will post 0.654979 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 15th will be given a dividend of $0.03 per share. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, March 27th. CES Energy Solutions’s payout ratio is presently 19.67%.

Analysts Set New Price Targets

CEU has been the subject of several recent research reports. ATB Capital raised their target price on shares of CES Energy Solutions from C$5.00 to C$5.25 and gave the company an “outperform” rating in a report on Friday, March 1st. BMO Capital Markets lifted their price target on shares of CES Energy Solutions from C$5.00 to C$5.50 in a report on Friday, February 2nd. Royal Bank of Canada lifted their price target on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Friday, March 1st. TD Securities lifted their price target on shares of CES Energy Solutions from C$5.00 to C$6.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Raymond James lifted their price target on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a “strong-buy” rating in a report on Monday, March 4th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$5.43.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.