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

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

CES Energy Solutions Stock Performance

TSE CEU opened at C$12.75 on Monday. The company has a market capitalization of C$2.71 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. 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 52-week low of C$5.59 and a 52-week high of C$13.24. The company has a 50-day simple moving average of C$10.51 and a 200 day simple moving average of C$8.65.

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

Analyst Ratings Changes

CEU has been the subject of several research reports. National Bankshares increased their price objective on CES Energy Solutions from C$10.50 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. ATB Capital increased their price target on CES Energy Solutions from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Thursday, November 27th. Raymond James Financial cut CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. TD Securities upped their price objective on shares of CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. Finally, Scotiabank boosted their price target on shares of CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.