Matthew Stephen Bell Sells 1,000 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) insider Matthew Stephen Bell sold 1,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of C$18.50, for a total value of C$18,500.00. Following the completion of the transaction, the insider directly owned 17,000 shares of the company’s stock, valued at C$314,500. This represents a 5.56% decrease in their position.

CES Energy Solutions Stock Performance

TSE CEU opened at C$17.67 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.86 and a debt-to-equity ratio of 60.08. CES Energy Solutions Corp. has a twelve month low of C$5.59 and a twelve month high of C$19.58. The firm has a market capitalization of C$3.71 billion, a PE ratio of 19.21, a P/E/G ratio of 0.61 and a beta of 0.70. The stock’s 50 day moving average is C$16.72 and its 200 day moving average is C$13.04.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$0.53 earnings per share for the quarter. CES Energy Solutions had a return on equity of 25.37% and a net margin of 8.21%. Research analysts forecast that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James Financial lifted their price target on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. National Bank Financial upped their price objective on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. TD Securities downgraded shares of CES Energy Solutions from a “buy” rating to a “hold” rating and raised their target price for the company from C$12.00 to C$16.00 in a research note on Monday, January 26th. Scotiabank lifted their target price on shares of CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. Finally, ATB Cormark Capital Markets upped their price target on CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, CES Energy Solutions has an average rating of “Moderate Buy” and a consensus target price of C$14.93.

CES Energy Solutions Company Profile

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.