Insider Selling: CES Energy Solutions (TSE:CEU) Insider Sells C$64,865.76 in Stock

CES Energy Solutions Corp. (TSE:CEU) insider James Farnsworth Strickland sold 4,044 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$16.04, for a total value of C$64,865.76. Following the completion of the transaction, the insider owned 38,231 shares in the company, valued at approximately C$613,225.24. The trade was a 9.57% decrease in their position.

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$16.21 on Friday. The stock’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 capitalization 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 Corp. has a fifty-two week low of C$7.04 and a fifty-two week high of C$19.58. 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 (TSE:CEU) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. The firm 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%. As a group, equities research analysts forecast that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of 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. National Bank Financial lowered 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 report on Wednesday, May 13th. Raymond James Financial raised their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. TD boosted 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 report on Friday, May 8th. Finally, BMO Capital Markets upgraded CES Energy Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CES Energy Solutions currently has a consensus 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.