Insider Selling: 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 business’s stock in a transaction that occurred 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 Price Performance

Shares of CEU opened at C$16.21 on Friday. CES Energy Solutions Corp. has a 12 month low of C$7.04 and a 12 month high of C$19.58. The company has a debt-to-equity ratio of 55.71, a current ratio of 2.75 and a quick ratio of 1.78. The stock has a fifty day moving average price of C$17.26 and a 200 day moving average price of C$16.38. The company has a market cap of C$3.42 billion, a P/E ratio of 16.71, a PEG ratio of 0.61 and a beta of 0.51.

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

Wall Street Analysts Forecast Growth

CEU has been the subject of a number of analyst reports. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. TD raised their price target on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Royal Bank Of Canada lifted their price target on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Raymond James Financial boosted their price objective on CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. Finally, National Bank Financial lowered 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. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company 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.