CES Energy Solutions (TSE:CEU) Director Sells C$2,531,496.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 133,800 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$18.92, for a total transaction of C$2,531,496.00. Following the completion of the transaction, the director directly owned 902,565 shares of the company’s stock, valued at C$17,076,529.80. This trade represents a 12.91% decrease in their position.

CES Energy Solutions Trading Down 4.9%

TSE CEU traded down C$0.91 during trading hours on Monday, reaching C$17.79. The company’s stock had a trading volume of 201,558 shares, compared to its average volume of 931,446. The firm has a fifty day simple moving average of C$18.26 and a 200-day simple moving average of C$15.21. The stock has a market cap of C$3.75 billion, a P/E ratio of 18.34, a P/E/G ratio of 0.61 and a beta of 0.81. CES Energy Solutions Corp. has a 52 week low of C$6.15 and a 52 week 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.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. National Bank Financial cut 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 research note on Wednesday, May 13th. BMO Capital Markets cut CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Raymond James Financial raised their price objective on CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Royal Bank Of Canada raised their price objective on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Finally, TD Securities cut CES Energy Solutions from a “buy” rating to a “hold” rating and raised their price objective for the company from C$12.00 to C$16.00 in a research note on Monday, January 26th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$18.64.

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.