James Farnsworth Strickland Sells 4,044 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) insider James Farnsworth Strickland sold 4,044 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$64,865.76. Following the sale, the insider directly owned 38,231 shares of the company’s stock, valued at approximately C$613,225.24. This represents a 9.57% decrease in their ownership of the stock.

CES Energy Solutions Stock Performance

TSE:CEU traded down C$0.12 during midday trading on Tuesday, reaching C$15.91. The stock had a trading volume of 230,023 shares, compared to its average volume of 825,174. The stock has a market capitalization of C$3.35 billion, a P/E ratio of 16.40, 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. 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 firm’s fifty day simple moving average is C$17.43 and its 200-day simple moving average is C$16.29.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. The firm had revenue of C$681.51 million during the quarter. On average, equities research analysts forecast that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CEU has been the subject of several recent analyst reports. National Bank Financial lowered CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price on the stock. in a report on Wednesday, May 13th. Raymond James Financial upped their price target on CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. TD increased their price objective on CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Royal Bank Of Canada raised their price objective on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Finally, BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.