Insider Buying: CES Energy Solutions (TSE:CEU) Insider Buys 4,545 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider Anthony Michael Aulicino purchased 4,545 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of C$10.97 per share, with a total value of C$49,858.65. Following the acquisition, the insider directly owned 1,222,367 shares in the company, valued at C$13,409,365.99. This trade represents a 0.37% increase in their ownership of the stock.

CES Energy Solutions Trading Down 1.9%

Shares of CEU traded down C$0.25 during trading hours on Friday, reaching C$12.75. The stock had a trading volume of 397,149 shares, compared to its average volume of 658,240. The company has a market cap of C$2.71 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.61 and a beta of 0.83. CES Energy Solutions Corp. has a 52 week low of C$5.59 and a 52 week high of C$13.24. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The firm has a 50-day moving average of C$10.51 and a 200 day moving average of C$8.62.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, November 13th. The company reported C$0.18 earnings per share for the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%.The firm had revenue of C$623.22 million for the quarter. On average, sell-side analysts expect that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CEU has been the subject of several research analyst reports. ATB Capital boosted their price objective on CES Energy Solutions from C$12.00 to C$14.00 and gave the company an “outperform” rating in a research report on Thursday, November 27th. National Bankshares upped their price target on shares of CES Energy Solutions from C$10.50 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Scotiabank increased their price objective on shares of CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. Raymond James Financial lowered shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. Finally, TD Securities upped their target price on shares of CES Energy Solutions from C$9.00 to C$11.00 in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.