CES Energy Solutions (TSE:CEU) Director Sells C$1,663,407.20 in Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 87,640 shares of CES Energy Solutions stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$18.98, for a total transaction of C$1,663,407.20. Following the sale, the director owned 866,051 shares in the company, valued at approximately C$16,437,647.98. The trade was a 9.19% decrease in their position.

CES Energy Solutions Price Performance

Shares of CEU traded down C$0.14 during midday trading on Wednesday, hitting C$19.08. 302,515 shares of the company traded hands, compared to its average volume of 757,914. The firm has a 50 day moving average of C$17.61 and a 200-day moving average of C$17.61. CES Energy Solutions Corp. has a 52 week low of C$8.39 and a 52 week high of C$19.86. The stock has a market cap of C$4.00 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 0.61 and a beta of 0.81. The company has a debt-to-equity ratio of 55.36, a quick ratio of 1.78 and a current ratio of 2.70.

Analyst Ratings Changes

CEU has been the topic of several analyst reports. Scotia boosted their price objective on CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 10th. Raymond James Financial boosted their price objective on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. BMO Capital Markets raised CES Energy Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. National Bank Financial raised shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price objective for the company in a research note on Friday, August 7th. Finally, TD reduced their target price on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating for the company in a report on Monday, July 13th. 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 an average target price of C$19.72.

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.