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 CES Energy Solutions stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$64,865.76. Following the completion of the transaction, the insider owned 38,231 shares of the company’s stock, valued at C$613,225.24. This represents a 9.57% decrease in their ownership of the stock.

CES Energy Solutions Trading Up 3.0%

Shares of CEU stock opened at C$16.62 on Thursday. The stock has a market capitalization of C$3.50 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.61 and a beta of 0.51. The company’s fifty day simple moving average is C$17.32 and its two-hundred day simple moving average is C$16.35. CES Energy Solutions Corp. has a 1 year low of C$7.02 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.

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

Analysts Set New Price Targets

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