Mihir Patel Sells 12,184 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) insider Mihir Patel sold 12,184 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total value of C$195,431.36. Following the completion of the sale, the insider directly owned 16,571 shares in the company, valued at approximately C$265,798.84. The trade was a 42.37% decrease in their position.

CES Energy Solutions Price Performance

Shares of TSE CEU traded down C$0.12 during trading on Tuesday, reaching C$15.91. The company had a trading volume of 230,023 shares, compared to its average volume of 825,174. 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 twelve month low of C$6.81 and a twelve month high of C$19.58. The stock has a 50-day moving average price of C$17.43 and a two-hundred day moving average price of C$16.29. The stock has a market capitalization of C$3.35 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.24 EPS for the quarter. The firm 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 Upgrades and Downgrades

Several analysts have commented on the stock. 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 note on Wednesday, May 13th. Raymond James Financial boosted their target price on CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. BMO Capital Markets upgraded CES Energy Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$21.00 to C$22.00 in a report on Wednesday, June 24th. TD upped their price target on CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada increased their price objective 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock 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.