CES Energy Solutions (TSE:CEU) Insider Matthew Stephen Bell Sells 26,840 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider Matthew Stephen Bell sold 26,840 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total value of C$430,513.60. Following the sale, the insider directly owned 17,000 shares of the company’s stock, valued at approximately C$272,680. This trade represents a 61.22% decrease in their position.

CES Energy Solutions Trading Down 0.7%

Shares of CES Energy Solutions stock traded down C$0.12 during trading hours on Tuesday, hitting C$15.91. The company’s stock had a trading volume of 230,023 shares, compared to its average volume of 825,174. The stock has a market cap of C$3.35 billion, a price-to-earnings ratio of 16.40, a P/E/G 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. CES Energy Solutions Corp. has a twelve month low of C$6.81 and a twelve month high of C$19.58. The firm has a fifty day moving average of C$17.43 and a 200-day moving average of C$16.29.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data 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 year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial boosted their price target on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. National Bank Financial downgraded shares of 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 report on Wednesday, May 13th. TD boosted their target price 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. Finally, Royal Bank Of Canada upped their price target on 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CES Energy Solutions currently has an average rating of “Moderate Buy” and an average 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.