Insider Selling: CES Energy Solutions (TSE:CEU) Director Sells C$1,503,170.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 78,700 shares of CES Energy Solutions stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of C$19.10, for a total transaction of C$1,503,170.00. Following the sale, the director owned 787,351 shares of the company’s stock, valued at approximately C$15,038,404.10. This represents a 9.09% decrease in their position.

John Michael Hooks also recently made the following trade(s):

• On Tuesday, September 8th, John Michael Hooks sold 87,640 shares of CES Energy Solutions stock. The stock was sold at an average price of C$18.98, for a total transaction of C$1,663,407.20.

CES Energy Solutions Trading Up 3.4%

Shares of CES Energy Solutions stock traded up C$0.66 on Friday, hitting C$19.96. 332,395 shares of the company’s stock traded hands, compared to its average volume of 754,708. The firm’s 50-day moving average price is C$17.72 and its two-hundred day moving average price is C$17.65. The company has a debt-to-equity ratio of 55.36, a current ratio of 2.70 and a quick ratio of 1.78. The stock has a market capitalization of C$4.19 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. CES Energy Solutions Corp. has a one year low of C$8.52 and a one year high of C$19.96.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CEU shares. Scotia boosted their target price on CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 10th. TD decreased their price objective on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating for the company in a report on Monday, July 13th. National Bank Financial raised shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 target price for the company in a research note on Friday, August 7th. Raymond James Financial increased their target price on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.72.

About CES Energy Solutions

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.