John Michael Hooks Sells 133,800 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 133,800 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total value of C$2,531,496.00. Following the transaction, the director directly owned 902,565 shares in the company, valued at C$17,076,529.80. This trade represents a 12.91% decrease in their ownership of the stock.

CES Energy Solutions Price Performance

Shares of CEU opened at C$18.21 on Wednesday. The firm has a market capitalization of C$3.84 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75. CES Energy Solutions Corp. has a one year low of C$6.15 and a one year high of C$19.58. The stock’s fifty day moving average is C$18.26 and its 200-day moving average is C$15.27.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank Of Canada boosted 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. Scotiabank upped their price target on shares of CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. 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. Raymond James Financial upped their price target on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. Finally, TD lifted their price target on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, CES Energy Solutions has an average rating of “Hold” and an average price target of C$18.64.

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.