David Allyn Burroughs Sells 28,815 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) insider David Allyn Burroughs sold 28,815 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$462,192.60.

CES Energy Solutions Trading Up 3.0%

Shares of TSE:CEU opened at C$16.62 on Thursday. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75. The stock’s 50-day moving average is C$17.32 and its 200-day moving average is C$16.35. The company has a market cap of C$3.50 billion, a P/E ratio of 17.13, a P/E/G ratio of 0.61 and a beta of 0.51. CES Energy Solutions Corp. has a 52-week low of C$7.02 and a 52-week high of C$19.58.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. National Bank Financial downgraded shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target for the company. in a report on Wednesday, May 13th. Royal Bank Of Canada raised their price target on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. TD upped their price objective on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Finally, Raymond James Financial upped their price objective on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.