CES Energy Solutions (TSE:CEU) Insider Sells C$462,192.60 in Stock

CES Energy Solutions Corp. (TSE:CEU) insider David Allyn Burroughs sold 28,815 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total value of C$462,192.60.

CES Energy Solutions Trading Down 0.7%

TSE CEU traded down C$0.12 on Tuesday, hitting C$15.91. 230,023 shares of the stock were exchanged, compared to its average volume of 825,174. 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 52-week low of C$6.81 and a 52-week high of C$19.58. The firm has a market capitalization of C$3.35 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.61 and a beta of 0.51. The stock has a fifty day moving average price of C$17.43 and a two-hundred day moving average price of C$16.29.

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

Analyst Ratings Changes

Several research analysts have issued reports on CEU shares. Royal Bank Of Canada boosted their target price on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. TD increased their price target on 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. Raymond James Financial raised their price target on CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. National Bank Financial cut 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 report on Wednesday, May 13th. Finally, BMO Capital Markets upgraded 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 note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.