CES Energy Solutions (TSE:CEU) Insider James Farnsworth Strickland Sells 4,044 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider James Farnsworth Strickland sold 4,044 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$64,865.76. Following the transaction, the insider owned 38,231 shares of the company’s stock, valued at approximately C$613,225.24. This represents a 9.57% decrease in their position.

CES Energy Solutions Stock Up 0.7%

TSE CEU opened at C$16.14 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.78 and a debt-to-equity ratio of 55.71. The stock’s 50 day moving average is C$17.37 and its two-hundred day moving average is C$16.32. The company has a market capitalization of C$3.40 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 0.61 and a beta of 0.51. CES Energy Solutions Corp. has a 1-year low of C$6.81 and a 1-year high of C$19.58.

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. The business had revenue of C$681.51 million during the quarter. CES Energy Solutions had a return on equity of 26.01% and a net margin of 8.29%. Equities analysts forecast that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CEU has been the subject of several recent analyst reports. Raymond James Financial increased their price objective on CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. National Bank Financial cut shares of 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 lifted their price target on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price target 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.