CES Energy Solutions (TSE:CEU) Director Sells C$2,531,496.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 133,800 shares of CES Energy Solutions stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total value of C$2,531,496.00. Following the transaction, the director directly owned 902,565 shares in the company, valued at approximately C$17,076,529.80. The trade was a 12.91% decrease in their position.

CES Energy Solutions Stock Down 3.6%

Shares of TSE:CEU opened at C$17.55 on Thursday. The stock has a market cap of C$3.70 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 0.61 and a beta of 0.81. 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 12-month low of C$6.15 and a 12-month high of C$19.58. The business’s 50 day moving average is C$18.25 and its 200 day moving average is C$15.32.

CES Energy Solutions (TSE:CEU) last announced 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 return on equity of 26.01% and a net margin of 8.29%.The company had revenue of C$681.51 million for the quarter. On average, sell-side analysts forecast 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 topic of several research analyst reports. Raymond James Financial boosted their price objective on CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. TD boosted their price objective on CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. National Bank Financial cut CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price objective on the stock. in a research report on Wednesday, May 13th. BMO Capital Markets cut CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, Royal Bank Of Canada boosted their price objective on CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, CES Energy Solutions presently has a consensus 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.