Kenneth Earl Zinger Acquires 5,000 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) insider Kenneth Earl Zinger bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of C$10.93 per share, for a total transaction of C$54,650.00. Following the transaction, the insider directly owned 1,872,857 shares in the company, valued at C$20,470,327.01. This trade represents a 0.27% increase in their position.

CES Energy Solutions Price Performance

Shares of CEU traded down C$0.25 during mid-day trading on Friday, hitting C$12.75. The company’s stock had a trading volume of 397,149 shares, compared to its average volume of 658,240. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. CES Energy Solutions Corp. has a 1-year low of C$5.59 and a 1-year high of C$13.24. The firm has a market capitalization of C$2.71 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.61 and a beta of 0.83. The firm has a 50-day simple moving average of C$10.51 and a 200 day simple moving average of C$8.62.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$623.22 million for the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%. Analysts predict that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Scotiabank boosted their price objective on shares of CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. ATB Capital increased their target price on shares of CES Energy Solutions from C$12.00 to C$14.00 and gave the company an “outperform” rating in a report on Thursday, November 27th. TD Securities lifted their price target on shares of CES Energy Solutions from C$9.00 to C$11.00 in a research report on Tuesday, October 14th. Finally, Raymond James Financial lowered CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, CES Energy Solutions presently has an average rating of “Buy” and a consensus price target of C$11.38.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.