CES Energy Solutions (TSE:CEU) Insider Kenneth Earl Zinger Acquires 10,000 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider Kenneth Earl Zinger bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of C$15.00 per share, with a total value of C$150,000.00. Following the completion of the purchase, the insider directly owned 1,682,857 shares in the company, valued at C$25,242,855. The trade was a 0.60% increase in their position.

CES Energy Solutions Trading Down 0.1%

CES Energy Solutions stock opened at C$15.40 on Tuesday. The stock has a 50-day simple moving average of C$17.74 and a 200 day simple moving average of C$16.04. The stock has a market capitalization of C$3.25 billion, a P/E ratio of 15.88, a PEG ratio of 0.61 and a beta of 0.52. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75. CES Energy Solutions Corp. has a 52 week low of C$6.49 and a 52 week high of C$19.58.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CEU shares. Raymond James Financial raised their price target on CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. National Bank Financial lowered shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price objective on the stock. in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their target price on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Finally, TD upped their price target on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$18.64.

CES Energy Solutions Company Profile

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.