John Michael Hooks Sells 133,800 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 133,800 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$18.92, for a total transaction of C$2,531,496.00. Following the completion of the sale, the director directly owned 902,565 shares of the company’s stock, valued at approximately C$17,076,529.80. This represents a 12.91% decrease in their ownership of the stock.

CES Energy Solutions Trading Down 4.9%

Shares of TSE:CEU traded down C$0.91 on Monday, hitting C$17.79. The company had a trading volume of 201,558 shares, compared to its average volume of 931,446. The firm’s 50-day simple moving average is C$18.26 and its two-hundred day simple moving average is C$15.21. CES Energy Solutions Corp. has a 1 year low of C$6.15 and a 1 year high of C$19.58. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. The firm has a market capitalization of C$3.75 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 0.61 and a beta of 0.81.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CEU shares. Raymond James Financial increased their price objective on CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. ATB Cormark Capital Markets increased their price objective on CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, January 26th. TD Securities downgraded CES Energy Solutions from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$12.00 to C$16.00 in a report on Monday, January 26th. Scotiabank increased their price objective on CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. Finally, Royal Bank Of Canada increased their price objective on 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. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$18.64.

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.