CES Energy Solutions (TSE:CEU) Insider Purchases C$54,650.00 in Stock

CES Energy Solutions Corp. (TSE:CEU) insider Kenneth Earl Zinger bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of C$10.93 per share, for a total transaction of C$54,650.00. Following the transaction, the insider directly owned 1,872,857 shares of the company’s stock, valued at C$20,470,327.01. The trade was a 0.27% increase in their position.

CES Energy Solutions Stock Down 0.2%

Shares of TSE:CEU opened at C$12.72 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The stock has a market cap of C$2.70 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. CES Energy Solutions Corp. has a 52-week low of C$5.59 and a 52-week high of C$13.24. The business’s 50 day moving average is C$10.57 and its 200 day moving average is C$8.70.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.18 earnings per share 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 for the quarter. Sell-side analysts predict that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. Royal Bank Of Canada upped their price objective on CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. TD Securities increased their price target on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. ATB Capital lifted their price objective on shares of CES Energy Solutions from C$12.00 to C$14.00 and gave the company an “outperform” rating in a research report on Thursday, November 27th. Raymond James Financial downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, November 17th. Finally, Scotiabank raised their target price on shares of CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.