CES Energy Solutions (TSE:CEU) Insider Sells 12,184 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider Mihir Patel sold 12,184 shares of CES Energy Solutions stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$195,431.36. Following the completion of the transaction, the insider directly owned 16,571 shares of the company’s stock, valued at approximately C$265,798.84. This represents a 42.37% decrease in their position.

CES Energy Solutions Stock Performance

Shares of TSE:CEU traded down C$0.12 on Tuesday, reaching C$15.91. 230,023 shares of the company’s stock were exchanged, compared to its average volume of 825,174. The business’s 50-day moving average is C$17.43 and its two-hundred day moving average is C$16.29. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. CES Energy Solutions Corp. has a fifty-two week low of C$6.81 and a fifty-two week high of C$19.58. The firm has a market capitalization of C$3.35 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 0.61 and a beta of 0.51.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$681.51 million during the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. As a group, equities research analysts forecast that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Analyst Ratings Changes

CEU has been the subject of several recent research reports. TD upped their target price on CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a report on Friday, May 8th. National Bank Financial lowered CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price objective for the company. in a research report on Wednesday, May 13th. Royal Bank Of Canada upped their price objective on CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. BMO Capital Markets raised CES Energy Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Finally, Raymond James Financial raised their target price on CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.