Insider Selling: CES Energy Solutions (TSE:CEU) Insider Sells 205,000 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider Kenneth Earl Zinger sold 205,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$18.41, for a total value of C$3,774,050.00.

Kenneth Earl Zinger also recently made the following trade(s):

• On Thursday, March 19th, Kenneth Earl Zinger sold 46,100 shares of CES Energy Solutions stock. The stock was sold at an average price of C$18.35, for a total value of C$845,935.00.
• On Thursday, March 19th, Kenneth Earl Zinger sold 148,900 shares of CES Energy Solutions stock. The shares were sold at an average price of C$18.41, for a total value of C$2,741,249.00.

CES Energy Solutions Price Performance

CES Energy Solutions stock remained flat at C$17.67 during mid-day trading on Friday. 663,836 shares of the company’s stock traded hands, compared to its average volume of 1,068,939. The stock has a market cap of C$3.71 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00. CES Energy Solutions Corp. has a one year low of C$5.59 and a one year high of C$19.58. The company has a debt-to-equity ratio of 60.08, a quick ratio of 1.78 and a current ratio of 2.86. The business has a 50-day moving average of C$16.72 and a two-hundred day moving average of C$12.98.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Tuesday, March 10th. The company reported C$0.53 earnings per share for the quarter. CES Energy Solutions had a net margin of 8.21% and a return on equity of 25.37%. Equities analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on CEU shares. BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. TD Securities downgraded CES Energy Solutions from a “buy” rating to a “hold” rating and raised their price objective for the company from C$12.00 to C$16.00 in a research note on Monday, January 26th. ATB Cormark Capital Markets lifted their price objective on CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, January 26th. Scotiabank lifted their price objective on CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. Finally, National Bank Financial boosted their target price on CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, CES Energy Solutions currently has an average rating of “Moderate Buy” and an average target price of C$14.93.

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.