CES Energy Solutions Corp (CEU) Insider Craig Frederick Nieboer Sells 50,000 Shares

Share on StockTwits

CES Energy Solutions Corp (TSE:CEU) insider Craig Frederick Nieboer sold 50,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of C$4.47, for a total value of C$223,500.00.

Shares of TSE CEU traded down C$0.04 during midday trading on Thursday, reaching C$4.50. 50,356 shares of the company traded hands, compared to its average volume of 722,127. CES Energy Solutions Corp has a 52 week low of C$4.26 and a 52 week high of C$7.34.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 15th were paid a dividend of $0.005 per share. This is a boost from CES Energy Solutions’s previous monthly dividend of $0.00. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Monday, July 30th.

A number of research firms have issued reports on CEU. Scotiabank cut their target price on CES Energy Solutions from C$10.50 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, May 11th. Canaccord Genuity cut their target price on CES Energy Solutions from C$8.50 to C$8.00 in a research note on Friday, May 11th. Raymond James cut their target price on CES Energy Solutions from C$8.50 to C$7.50 and set a “strong-buy” rating on the stock in a research note on Friday, May 18th. National Bank Financial raised their target price on CES Energy Solutions from C$8.20 to C$8.50 and gave the company an “outperform” rating in a research note on Tuesday, May 15th. Finally, Royal Bank of Canada cut their target price on CES Energy Solutions from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Monday, May 14th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$8.13.

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.

Featured Story: Do closed-end mutual funds pay dividends?

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.

Leave a Reply