Insider Selling: CES Energy Solutions (TSE:CEU) Insider Sells C$430,513.60 in Stock

CES Energy Solutions Corp. (TSE:CEU) insider Matthew Stephen Bell sold 26,840 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$430,513.60. Following the completion of the sale, the insider directly owned 17,000 shares of the company’s stock, valued at C$272,680. The trade was a 61.22% decrease in their position.

CES Energy Solutions Stock Performance

Shares of CES Energy Solutions stock opened at C$16.21 on Friday. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75. CES Energy Solutions Corp. has a 1 year low of C$7.04 and a 1 year high of C$19.58. The firm’s 50-day simple moving average is C$17.26 and its 200-day simple moving average is C$16.38. The firm has a market cap of C$3.42 billion, a PE ratio of 16.71, a price-to-earnings-growth 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 return on equity of 26.01% and a net margin of 8.29%. Equities analysts forecast that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CEU. BMO Capital Markets upgraded CES Energy Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. National Bank Financial cut CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price objective on the stock. in a research note on Wednesday, May 13th. Raymond James Financial lifted their price objective on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. Royal Bank Of Canada boosted their target price on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Finally, TD increased their target price on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Friday, May 8th. 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of C$19.06.

About CES Energy Solutions

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.