CES Energy Solutions (TSE:CEU) Insider Sells C$195,431.36 in Stock

CES Energy Solutions Corp. (TSE:CEU) insider Mihir Patel sold 12,184 shares of CES Energy Solutions stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$195,431.36. Following the transaction, the insider owned 16,571 shares in the company, valued at approximately C$265,798.84. This trade represents a 42.37% decrease in their position.

CES Energy Solutions Trading Down 2.5%

TSE CEU opened at C$16.21 on Friday. The business’s 50-day moving average price is C$17.26 and its two-hundred day moving average price is C$16.38. CES Energy Solutions Corp. has a 12 month low of C$7.04 and a 12 month high of C$19.58. 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. The company has a current ratio of 2.75, a quick ratio of 1.78 and a debt-to-equity ratio of 55.71.

CES Energy Solutions (TSE:CEU) last released 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 during the quarter. On average, analysts expect that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CEU. TD increased their target price on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Raymond James Financial lifted their target price on CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. National Bank Financial cut shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target on the stock. in a report on Wednesday, May 13th. BMO Capital Markets raised CES Energy Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada increased their target price on shares of 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. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$19.06.

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.