Vernon James Disney Sells 23,416 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Senior Officer Vernon James Disney sold 23,416 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of C$6.78, for a total transaction of C$158,760.48.

CES Energy Solutions Price Performance

CEU opened at C$6.96 on Friday. The company’s 50 day simple moving average is C$6.44 and its 200 day simple moving average is C$7.53. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. CES Energy Solutions Corp. has a 1 year low of C$5.59 and a 1 year high of C$10.20. The stock has a market capitalization of C$1.56 billion, a PE ratio of 8.12, a P/E/G ratio of 0.61 and a beta of 2.31.

Wall Street Analysts Forecast Growth

CEU has been the subject of a number of recent research reports. TD Securities lowered their price target on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. BMO Capital Markets lowered their price target on shares of CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. Royal Bank Of Canada lowered their price target on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. ATB Capital lowered their price target on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, May 5th. Finally, National Bankshares upgraded shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$14.50 price target for the company in a report on Thursday. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$10.54.

CES Energy Solutions Company Profile

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.