CES Energy Solutions (TSE:CEU) Director Sells C$1,663,407.20 in Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 87,640 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$18.98, for a total value of C$1,663,407.20. Following the transaction, the director directly owned 866,051 shares of the company’s stock, valued at approximately C$16,437,647.98. This trade represents a 9.19% decrease in their ownership of the stock.

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

• On Thursday, September 10th, John Michael Hooks sold 78,700 shares of CES Energy Solutions stock. The shares were sold at an average price of C$19.10, for a total value of C$1,503,170.00.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$20.09 on Friday. CES Energy Solutions Corp. has a 1 year low of C$8.52 and a 1 year high of C$20.15. The company has a debt-to-equity ratio of 55.36, a current ratio of 2.70 and a quick ratio of 1.78. The stock’s fifty day moving average price is C$17.79 and its two-hundred day moving average price is C$17.67. The firm has a market cap of C$4.21 billion, a PE ratio of 21.84, a PEG ratio of 0.61 and a beta of 0.81.

Analyst Ratings Changes

Several research firms have commented on CEU. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$21.00 to C$22.00 in a report on Wednesday, June 24th. National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 target price for the company in a research note on Friday, August 7th. TD lowered their price target on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Raymond James Financial upped their price target on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Scotia raised their price objective on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$19.72.

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.