Kenneth Earl Zinger Acquires 4,222 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEUGet Rating) Senior Officer Kenneth Earl Zinger acquired 4,222 shares of the firm’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were bought at an average price of C$2.38 per share, for a total transaction of C$10,048.36. Following the completion of the purchase, the insider now owns 1,414,523 shares in the company, valued at approximately C$3,366,564.74.

Kenneth Earl Zinger also recently made the following trade(s):

  • On Monday, June 6th, Kenneth Earl Zinger acquired 2,000 shares of CES Energy Solutions stock. The shares were bought at an average price of C$2.79 per share, for a total transaction of C$5,576.00.
  • On Friday, April 1st, Kenneth Earl Zinger sold 41,467 shares of CES Energy Solutions stock. The stock was sold at an average price of C$2.37, for a total value of C$98,168.98.

Shares of CES Energy Solutions stock traded down C$0.15 during trading on Thursday, hitting C$2.19. 1,248,564 shares of the stock traded hands, compared to its average volume of 968,139. The company has a quick ratio of 1.75, a current ratio of 3.34 and a debt-to-equity ratio of 99.02. The stock has a market cap of C$559.43 million and a price-to-earnings ratio of 11.14. The firm’s fifty day moving average is C$2.63 and its 200-day moving average is C$2.41. CES Energy Solutions Corp. has a 52 week low of C$1.36 and a 52 week high of C$3.11.

CES Energy Solutions (TSE:CEUGet Rating) last issued its earnings results on Thursday, May 12th. The company reported C$0.04 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.01. The company had revenue of C$401.28 million for the quarter, compared to analysts’ expectations of C$395.93 million. On average, analysts forecast that CES Energy Solutions Corp. will post 0.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.016 per share. This represents a $0.06 annualized dividend and a yield of 2.92%. The ex-dividend date is Wednesday, June 29th. CES Energy Solutions’s dividend payout ratio is presently 22.86%.

A number of equities analysts have weighed in on the company. BMO Capital Markets upped their target price on CES Energy Solutions from C$2.50 to C$3.50 in a research note on Friday, March 11th. Scotiabank upped their target price on CES Energy Solutions from C$3.30 to C$3.60 in a research note on Monday, May 16th. Raymond James lowered CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from C$3.25 to C$3.35 in a research note on Monday, March 14th. National Bankshares upped their target price on CES Energy Solutions from C$2.85 to C$3.35 and gave the stock a “sector perform” rating in a research note on Monday, March 14th. Finally, TD Securities increased their price objective on CES Energy Solutions from C$4.25 to C$4.50 and gave the company a “buy” rating in a research report on Friday, March 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, CES Energy Solutions currently has an average rating of “Moderate Buy” and an average target price of C$3.43.

CES Energy Solutions Company Profile (Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

See Also

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

Receive News & Ratings for CES Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CES Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.