Mihir Patel Sells 12,184 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) insider Mihir Patel sold 12,184 shares of the business’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$195,431.36. Following the sale, the insider directly owned 16,571 shares in the company, valued at approximately C$265,798.84. The trade was a 42.37% decrease in their position.

CES Energy Solutions Stock Up 3.0%

Shares of TSE:CEU opened at C$16.62 on Thursday. CES Energy Solutions Corp. has a 52-week low of C$7.02 and a 52-week high of C$19.58. The company has a market capitalization of C$3.50 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51. 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 company has a fifty day moving average of C$17.32 and a 200-day moving average of C$16.35.

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

Analyst Ratings Changes

A number of brokerages have recently commented on CEU. BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$21.00 to C$22.00 in a report on Wednesday, June 24th. National Bank Financial lowered CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price for the company. in a research report on Wednesday, May 13th. TD lifted their target price on CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Royal Bank Of Canada upped their price target on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Finally, Raymond James Financial increased their price target on CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$19.06.

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.