Kenneth Earl Zinger Buys 5,000 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) insider Kenneth Earl Zinger bought 5,000 shares of CES Energy Solutions stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of C$10.93 per share, for a total transaction of C$54,650.00. Following the completion of the acquisition, the insider owned 1,872,857 shares in the company, valued at C$20,470,327.01. This represents a 0.27% increase in their position.

CES Energy Solutions Trading Down 1.9%

Shares of CES Energy Solutions stock traded down C$0.25 during mid-day trading on Friday, hitting C$12.75. 397,149 shares of the stock were exchanged, compared to its average volume of 658,240. The stock has a market capitalization of C$2.71 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. CES Energy Solutions Corp. has a twelve month low of C$5.59 and a twelve month high of C$13.24. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. The company has a 50-day simple moving average of C$10.51 and a 200 day simple moving average of C$8.62.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.18 earnings per share for the quarter. CES Energy Solutions had a net margin of 8.62% and a return on equity of 27.61%. The business had revenue of C$623.22 million during the quarter. Research analysts forecast that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Wall Street Analysts Forecast Growth

CEU has been the topic of a number of recent analyst reports. Raymond James Financial lowered CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. TD Securities upped their target price on CES Energy Solutions from C$9.00 to C$11.00 in a research note on Tuesday, October 14th. Scotiabank increased their target price on CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. Royal Bank Of Canada raised their price target on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, ATB Capital upped their price objective on shares of CES Energy Solutions from C$12.00 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday, November 27th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$11.38.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.