CES Energy Solutions (TSE:CEU) Director John Michael Hooks Sells 78,700 Shares

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 78,700 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of C$19.10, for a total value of C$1,503,170.00. Following the sale, the director owned 787,351 shares in the company, valued at C$15,038,404.10. The trade was a 9.09% decrease in their position.

John Michael Hooks also recently made the following trade(s):

• On Tuesday, September 8th, John Michael Hooks sold 87,640 shares of CES Energy Solutions stock. The shares were sold at an average price of C$18.98, for a total value of C$1,663,407.20.

CES Energy Solutions Stock Up 4.1%

CEU stock opened at C$20.09 on Friday. The company has a market cap of C$4.21 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 0.61 and a beta of 0.81. CES Energy Solutions Corp. has a twelve month low of C$8.52 and a twelve month high of C$20.15. The business has a 50 day moving average price of C$17.79 and a two-hundred day moving average price of C$17.67. The company has a quick ratio of 1.78, a current ratio of 2.70 and a debt-to-equity ratio of 55.36.

Analysts Set New Price Targets

CEU has been the topic of several analyst reports. Scotia upped their price target on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 10th. National Bank Financial raised shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price objective for the company in a research report on Friday, August 7th. Raymond James Financial upped their target price on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an “outperform” rating in a report on Monday, August 10th. TD dropped their target price on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, 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 note on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CES Energy Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.72.

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.