John Michael Hooks Buys 44,700 Shares of CES Energy Solutions (TSE:CEU) Stock

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

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$12.75 on Monday. The stock has a fifty day moving average price of C$10.51 and a 200 day moving average price of C$8.65. CES Energy Solutions Corp. has a 1-year low of C$5.59 and a 1-year high of C$13.24. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The company has a market cap of C$2.71 billion, a PE ratio of 16.14, a P/E/G ratio of 0.61 and a beta of 0.83.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CEU. National Bankshares raised their price objective on shares of CES Energy Solutions from C$10.50 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. TD Securities raised their price target on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. Scotiabank upped their price objective on CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. Royal Bank Of Canada increased their price objective on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, ATB Capital boosted their target price on shares of CES Energy Solutions from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Thursday, November 27th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$11.38.

CES Energy Solutions Company Profile

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.