CES Energy Solutions (TSE:CEU) Director Buys C$495,723.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks acquired 44,700 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of C$11.09 per share, with a total value of C$495,723.00. Following the transaction, the director owned 825,981 shares in the company, valued at approximately C$9,160,129.29. This trade represents a 5.72% increase in their ownership of the stock.

CES Energy Solutions Price Performance

TSE CEU opened at C$12.72 on Tuesday. The company has a market capitalization of C$2.70 billion, a PE ratio of 16.10, 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. The business’s fifty day moving average is C$10.57 and its 200 day moving average is C$8.70. CES Energy Solutions Corp. has a fifty-two week low of C$5.59 and a fifty-two week high of C$13.24.

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

Wall Street Analyst Weigh In

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