CES Energy Solutions (TSE:CEU) Director John Michael Hooks Sells 87,640 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 87,640 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$18.98, for a total value of C$1,663,407.20. Following the completion of the sale, the director directly owned 866,051 shares in the company, valued at C$16,437,647.98. This trade represents a 9.19% decrease in their ownership of the stock.

CES Energy Solutions Trading Down 0.9%

TSE CEU opened at C$19.05 on Thursday. CES Energy Solutions Corp. has a 12 month low of C$8.39 and a 12 month high of C$19.86. The company has a current ratio of 2.70, a quick ratio of 1.78 and a debt-to-equity ratio of 55.36. The stock’s fifty day moving average price is C$17.66 and its 200-day moving average price is C$17.63. The stock has a market cap of C$4.00 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.61 and a beta of 0.81.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Scotia raised their price objective on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 10th. National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 target price on the stock in a research note on Friday, August 7th. TD cut their price target on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Monday, July 13th. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Finally, Raymond James Financial boosted their price objective on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, CES Energy Solutions presently has an average rating of “Moderate Buy” and a consensus price target of C$19.72.

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.