CES Energy Solutions (TSE:CEU) Insider Sells 26,840 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider Matthew Stephen Bell sold 26,840 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total value of C$430,513.60. Following the sale, the insider owned 17,000 shares of the company’s stock, valued at approximately C$272,680. The trade was a 61.22% decrease in their position.

CES Energy Solutions Stock Down 0.7%

CEU stock traded down C$0.12 during midday trading on Tuesday, reaching C$15.91. 230,023 shares of the company were exchanged, compared to its average volume of 825,174. The company has a market cap of C$3.35 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75. CES Energy Solutions Corp. has a 1-year low of C$6.81 and a 1-year high of C$19.58. The stock’s 50-day simple moving average is C$17.43 and its 200 day simple moving average is C$16.29.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) 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, equities analysts forecast that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CEU. National Bank Financial cut CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price for the company. in a research report on Wednesday, May 13th. TD boosted their price objective on CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their price objective on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Raymond James Financial lifted their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. Finally, BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, CES Energy Solutions has an average rating of “Moderate Buy” and an average target price 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.