Kenneth Earl Zinger Buys 10,000 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) insider Kenneth Earl Zinger acquired 10,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of C$15.00 per share, with a total value of C$150,000.00. Following the completion of the acquisition, the insider directly owned 1,682,857 shares in the company, valued at C$25,242,855. The trade was a 0.60% increase in their position.

CES Energy Solutions Trading Up 3.1%

TSE CEU opened at C$15.87 on Wednesday. The stock’s 50-day simple moving average is C$17.70 and its two-hundred day simple moving average is C$16.06. CES Energy Solutions Corp. has a twelve month low of C$6.49 and a twelve month high of C$19.58. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. The company has a market capitalization of C$3.35 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.61 and a beta of 0.52.

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

Analyst Ratings Changes

CEU has been the topic of several research reports. BMO Capital Markets lowered CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada increased their price objective on CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Raymond James Financial raised their price objective on CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. 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. Finally, National Bank Financial lowered shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target for the company. in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$18.64.

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.