Insider Buying: CES Energy Solutions (TSE:CEU) Insider Buys 10,000 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider Kenneth Earl Zinger bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average price of C$15.00 per share, with a total value of C$150,000.00. Following the completion of the transaction, the insider directly owned 1,682,857 shares of the company’s stock, valued at C$25,242,855. This trade represents a 0.60% increase in their ownership of the stock.

CES Energy Solutions Stock Performance

CEU traded down C$0.01 during midday trading on Monday, hitting C$15.40. 230,000 shares of the company were exchanged, compared to its average volume of 848,871. The company’s 50 day simple moving average is C$17.78 and its 200 day simple moving average is C$16.02. The firm has a market capitalization of C$3.25 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 0.61 and a beta of 0.52. The company has a current ratio of 2.75, a quick ratio of 1.78 and a debt-to-equity ratio of 55.71. CES Energy Solutions Corp. has a 1-year low of C$6.49 and a 1-year high of C$19.58.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.24 earnings per share 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%. As a group, sell-side analysts predict that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. National Bank Financial downgraded CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target for the company. in a report on Wednesday, May 13th. Raymond James Financial raised their price objective on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. BMO Capital Markets lowered shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Royal Bank Of Canada increased their price target on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Finally, TD raised 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 research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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.