Insider Selling: CES Energy Solutions (TSE:CEU) Insider Sells C$64,865.76 in Stock

CES Energy Solutions Corp. (TSE:CEUGet Free Report) insider James Farnsworth Strickland sold 4,044 shares of the firm’s 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$64,865.76. Following the transaction, the insider owned 38,231 shares of the company’s stock, valued at C$613,225.24. This trade represents a 9.57% decrease in their position.

CES Energy Solutions Price Performance

Shares of TSE:CEU traded down C$0.12 on Tuesday, hitting C$15.91. The stock had a trading volume of 230,023 shares, compared to its average volume of 825,174. CES Energy Solutions Corp. has a twelve month low of C$6.81 and a twelve month high of C$19.58. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75. The firm’s 50 day moving average price is C$17.43 and its 200-day moving average price is C$16.29. The company has a market capitalization of C$3.35 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51.

CES Energy Solutions (TSE:CEUGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$681.51 million for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. On average, equities research analysts predict that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CEU. BMO Capital Markets raised CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$21.00 to C$22.00 in a report on Wednesday, June 24th. Royal Bank Of Canada lifted their price target on 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. TD upped their target price on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. National Bank Financial cut 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 note on Wednesday, May 13th. Finally, Raymond James Financial raised their price target on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$19.06.

Check Out Our Latest Stock Analysis on CES Energy Solutions

About CES Energy Solutions

(Get Free Report)

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.

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