CES Energy Solutions (TSE:CEU) Insider Buys 10,000 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider Kenneth Earl Zinger purchased 10,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of C$15.00 per share, with a total value of C$150,000.00. Following the transaction, the insider directly owned 1,682,857 shares in the company, valued at approximately C$25,242,855. This trade represents a 0.60% increase in their position.

CES Energy Solutions Stock Down 0.1%

CEU stock traded down C$0.01 during trading on Monday, hitting C$15.40. 230,000 shares of the company’s stock traded hands, compared to its average volume of 848,871. The firm has a market capitalization of C$3.25 billion, a P/E ratio of 15.88, a PEG ratio of 0.61 and a beta of 0.52. The business has a fifty day simple moving average of C$17.78 and a two-hundred day simple moving average of C$16.02. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. CES Energy Solutions Corp. has a 1 year low of C$6.49 and a 1 year high of C$19.58.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share 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 during the quarter. Sell-side analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Analyst Ratings Changes

CEU has been the subject of a number of analyst reports. 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. National Bank Financial downgraded 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 research report on Wednesday, May 13th. TD raised their price target on CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Friday, May 8th. BMO Capital Markets lowered shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, Raymond James Financial lifted their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.