Insider Buying: CES Energy Solutions (TSE:CEU) Insider Acquires C$49,858.65 in Stock

CES Energy Solutions Corp. (TSE:CEU) insider Anthony Michael Aulicino acquired 4,545 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of C$10.97 per share, for a total transaction of C$49,858.65. Following the completion of the purchase, the insider owned 1,222,367 shares of the company’s stock, valued at C$13,409,365.99. This trade represents a 0.37% increase in their ownership of the stock.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$12.72 on Tuesday. CES Energy Solutions Corp. has a 12 month low of C$5.59 and a 12 month high of C$13.24. The firm’s fifty day simple moving average is C$10.57 and its two-hundred day simple moving average is C$8.70. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. The stock has a market capitalization 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 (TSE:CEU) last released its earnings results on Thursday, November 13th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$623.22 million during the quarter. CES Energy Solutions had a net margin of 8.62% and a return on equity of 27.61%. As a group, analysts predict that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Wall Street Analysts Forecast Growth

CEU has been the topic of a number of research reports. Scotiabank raised their price target on CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. TD Securities increased their target price on CES Energy Solutions from C$9.00 to C$11.00 in a research report on Tuesday, October 14th. Raymond James Financial cut shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, November 17th. Royal Bank Of Canada raised their price target on CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, ATB Capital boosted their price objective on shares of CES Energy Solutions from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a 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.com, the company 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.