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

Financial News Live ·  Sep 25, 2022 06:02

CES Energy Solutions Corp. (TSE:CEU – Get Rating) Senior Officer Kenneth Earl Zinger bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, September 22nd. The shares were bought at an average cost of C$2.31 per share, with a total value of C$23,100.00. Following the completion of the purchase, the insider now directly owns 1,446,273 shares of the company's stock, valued at approximately C$3,340,890.63.

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

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  • On Monday, August 29th, Kenneth Earl Zinger bought 5,000 shares of CES Energy Solutions stock. The shares were bought at an average cost of C$2.63 per share, with a total value of C$13,150.00.
  • On Friday, August 26th, Kenneth Earl Zinger bought 7,000 shares of CES Energy Solutions stock. The shares were bought at an average cost of C$2.65 per share, with a total value of C$18,550.00.
  • On Thursday, August 18th, Kenneth Earl Zinger bought 4,750 shares of CES Energy Solutions stock. The shares were bought at an average cost of C$2.64 per share, with a total value of C$12,540.00.

CES Energy Solutions Price Performance

CEU stock opened at C$2.13 on Friday. CES Energy Solutions Corp. has a 12 month low of C$1.51 and a 12 month high of C$3.11. The company has a current ratio of 3.35, a quick ratio of 1.68 and a debt-to-equity ratio of 98.89. The company has a 50-day moving average price of C$2.51 and a 200 day moving average price of C$2.51. The stock has a market cap of C$545.87 million and a PE ratio of 7.89.

CES Energy Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.016 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 3.00%. CES Energy Solutions's dividend payout ratio is presently 23.70%.

Analyst Upgrades and Downgrades

CEU has been the subject of several research analyst reports. ATB Capital raised their target price on shares of CES Energy Solutions from C$4.25 to C$5.25 in a research note on Friday, August 12th. TD Securities raised their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company a "buy" rating in a research note on Friday, August 12th. Scotiabank lifted their price objective on shares of CES Energy Solutions from C$3.60 to C$3.90 in a research note on Monday, August 15th. National Bankshares lifted their price objective on shares of CES Energy Solutions from C$3.50 to C$3.70 and gave the stock an "outperform" rating in a research note on Monday, August 15th. Finally, Stifel Nicolaus lifted their price objective on shares of CES Energy Solutions from C$3.75 to C$4.50 in a research note on Friday, August 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$4.28.

About CES Energy Solutions

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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.

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