CES Energy Solutions (TSE:CEU) Insider Matthew Stephen Bell Sells 26,840 Shares

CES Energy Solutions Corp. (TSE:CEU) insider Matthew Stephen Bell sold 26,840 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total value of C$430,513.60. Following the completion of the transaction, the insider directly owned 17,000 shares of the company’s stock, valued at C$272,680. This trade represents a 61.22% decrease in their ownership of the stock.

CES Energy Solutions Stock Up 0.7%

Shares of CES Energy Solutions stock opened at C$16.14 on Wednesday. The business’s fifty day moving average price is C$17.37 and its two-hundred day moving average price is C$16.32. The company has a debt-to-equity ratio of 55.71, a current ratio of 2.75 and a quick ratio of 1.78. The company has a market capitalization of C$3.40 billion, a P/E ratio of 16.64, a PEG ratio of 0.61 and a beta of 0.51. CES Energy Solutions Corp. has a 1-year low of C$6.81 and a 1-year high of C$19.58.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company 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, research analysts forecast that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. National Bank Financial downgraded shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target on the stock. in a research report on Wednesday, May 13th. Raymond James Financial upped their price target on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. 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 report on Tuesday, April 14th. Finally, TD raised their price objective on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CES Energy Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target 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.