John Michael Hooks Sells 78,700 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 78,700 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of C$19.10, for a total value of C$1,503,170.00. Following the completion of the transaction, the director owned 787,351 shares of the company’s stock, valued at C$15,038,404.10. The trade was a 9.09% decrease in their position.

John Michael Hooks also recently made the following trade(s):

• On Tuesday, September 8th, John Michael Hooks sold 87,640 shares of CES Energy Solutions stock. The shares were sold at an average price of C$18.98, for a total value of C$1,663,407.20.

CES Energy Solutions Stock Performance

CEU opened at C$20.09 on Friday. The business’s 50-day simple moving average is C$17.79 and its 200 day simple moving average is C$17.67. CES Energy Solutions Corp. has a 52-week low of C$8.52 and a 52-week high of C$20.15. The company has a debt-to-equity ratio of 55.36, a quick ratio of 1.78 and a current ratio of 2.70. The firm has a market capitalization of C$4.21 billion, a PE ratio of 21.84, a PEG ratio of 0.61 and a beta of 0.81.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CEU. TD decreased their price objective on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating for the company in a research report on Monday, July 13th. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$21.00 to C$22.00 in a report on Wednesday, June 24th. Raymond James Financial raised their target price on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. National Bank Financial upgraded CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price target for the company in a report on Friday, August 7th. Finally, Scotia boosted their price target on CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, CES Energy Solutions presently has an average rating of “Moderate Buy” and a consensus target price of C$19.72.

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.