Matthew Stephen Bell Sells 26,840 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) insider Matthew Stephen Bell sold 26,840 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$430,513.60. Following the completion of the sale, the insider directly owned 17,000 shares in the company, valued at C$272,680. This represents a 61.22% decrease in their ownership of the stock.

CES Energy Solutions Trading Up 3.0%

Shares of TSE CEU opened at C$16.62 on Thursday. CES Energy Solutions Corp. has a 1 year low of C$7.02 and a 1 year high of C$19.58. The stock has a market cap of C$3.50 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51. The firm has a 50-day moving average of C$17.32 and a 200 day moving average of C$16.35. The company has a debt-to-equity ratio of 55.71, a current ratio of 2.75 and a quick ratio of 1.78.

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

Analysts Set New Price Targets

CEU has been the subject of a number of analyst reports. BMO Capital Markets raised CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Royal Bank Of Canada increased their target price on 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. 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 cut shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target on the stock. in a research note on Wednesday, May 13th. Finally, TD upped their price target on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, CES Energy Solutions has an average rating of “Moderate Buy” and a consensus target price of C$19.06.

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.