CES Energy Solutions Corp (CEU) Director Burton Joel Ahrens Sells 9,200 Shares

CES Energy Solutions Corp (TSE:CEU) Director Burton Joel Ahrens sold 9,200 shares of CES Energy Solutions stock in a transaction on Friday, October 12th. The shares were sold at an average price of C$3.89, for a total transaction of C$35,788.00.

Burton Joel Ahrens also recently made the following trade(s):

  • On Wednesday, October 10th, Burton Joel Ahrens sold 450 shares of CES Energy Solutions stock. The shares were sold at an average price of C$3.84, for a total transaction of C$1,728.00.
  • On Thursday, September 13th, Burton Joel Ahrens sold 5,000 shares of CES Energy Solutions stock. The shares were sold at an average price of C$4.26, for a total transaction of C$21,300.00.
  • On Wednesday, August 22nd, Burton Joel Ahrens sold 2,000 shares of CES Energy Solutions stock. The shares were sold at an average price of C$5.01, for a total transaction of C$10,020.00.

CES Energy Solutions stock opened at C$3.60 on Friday. CES Energy Solutions Corp has a 12-month low of C$3.57 and a 12-month high of C$7.34.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.02 by C$0.03. CES Energy Solutions had a net margin of 7.45% and a return on equity of 13.37%. The firm had revenue of C$284.32 million for the quarter, compared to the consensus estimate of C$269.18 million.

The company also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 15th will be paid a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a yield of 1.67%. The ex-dividend date is Tuesday, October 30th.

Several equities analysts recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of CES Energy Solutions from C$9.00 to C$8.00 in a report on Monday, August 13th. National Bank Financial dropped their price target on shares of CES Energy Solutions from C$8.20 to C$7.00 and set an “outperform” rating on the stock in a research note on Friday, August 10th. Canaccord Genuity dropped their price target on shares of CES Energy Solutions from C$8.00 to C$7.25 in a research note on Tuesday, July 10th. Finally, Raymond James dropped their price target on shares of CES Energy Solutions from C$7.50 to C$7.00 and set a “strong-buy” rating on the stock in a research note on Monday, September 24th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$7.81.

About CES Energy Solutions

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.

Read More: What is Considered a Good Return on Equity (ROE)?

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

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