CES Energy Solutions Corp (CEU) Shares Down 5.5%

CES Energy Solutions Corp (TSE:CEU) shares traded down 5.5% on Friday . The company traded as low as C$7.05 and last traded at C$6.58. 1,279,942 shares traded hands during trading, an increase of 158% from the average session volume of 495,383 shares. The stock had previously closed at C$6.96.

A number of research analysts have recently weighed in on the stock. GMP Securities increased their target price on shares of CES Energy Solutions Corp from C$8.00 to C$9.00 in a research report on Wednesday, October 18th. Canaccord Genuity increased their target price on shares of CES Energy Solutions Corp from C$7.50 to C$8.00 in a research report on Monday, August 14th. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating and set a C$8.50 target price on shares of CES Energy Solutions Corp in a research report on Wednesday, August 30th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$9.08.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.0025 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, October 30th. CES Energy Solutions Corp’s dividend payout ratio (DPR) is currently -300.00%.

In related news, insider Kenneth Earl Zinger sold 10,000 shares of CES Energy Solutions Corp stock in a transaction on Monday, September 11th. The shares were sold at an average price of C$5.35, for a total value of C$53,500.00. Also, Director Thomas James Simons sold 152,455 shares of CES Energy Solutions Corp stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of C$5.35, for a total transaction of C$815,634.25. In the last 90 days, insiders have sold 317,811 shares of company stock worth $1,702,011.

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About CES Energy Solutions Corp

CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total 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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