CES Energy Solutions (TSE:CEU) Insider Buys C$150,000.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) insider Kenneth Earl Zinger acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average price of C$15.00 per share, with a total value of C$150,000.00. Following the completion of the transaction, the insider owned 1,682,857 shares in the company, valued at C$25,242,855. The trade was a 0.60% increase in their ownership of the stock.

CES Energy Solutions Stock Performance

TSE:CEU opened at C$16.23 on Thursday. CES Energy Solutions Corp. has a twelve month low of C$6.51 and a twelve month high of C$19.58. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. The stock’s 50-day simple moving average is C$17.65 and its 200 day simple moving average is C$16.09. The firm has a market capitalization of C$3.42 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 0.61 and a beta of 0.52.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Thursday, May 7th. The company reported C$0.24 EPS for the quarter. CES Energy Solutions had a return on equity of 26.01% and a net margin of 8.29%.The firm had revenue of C$681.51 million during the quarter. On average, analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

Analysts Set New Price Targets

CEU has been the topic of a number of research analyst reports. BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$21.00 to C$22.00 in a research report on Wednesday. TD increased their price target on CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Royal Bank Of Canada raised their price objective on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Raymond James Financial boosted their price objective on CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. Finally, National Bank Financial cut CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price for the company. in a report on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$19.06.

CES Energy Solutions Company Profile

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES’ business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.