CES Energy Solutions (TSE:CEU) Insider David Allyn Burroughs Sells 28,815 Shares of Stock

CES Energy Solutions Corp. (TSE:CEU) insider David Allyn Burroughs sold 28,815 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$462,192.60.

CES Energy Solutions Price Performance

Shares of CES Energy Solutions stock traded down C$0.12 on Tuesday, hitting C$15.91. 230,023 shares of the company traded hands, compared to its average volume of 825,174. CES Energy Solutions Corp. has a 52 week low of C$6.81 and a 52 week high of C$19.58. The business has a 50-day simple moving average of C$17.43 and a 200 day simple moving average of C$16.29. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75. The stock has a market capitalization of C$3.35 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$681.51 million during the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. Research analysts expect that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CEU shares. TD boosted their target price on 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. BMO Capital Markets raised CES Energy Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. National Bank Financial cut CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price objective on the stock. in a report on Wednesday, May 13th. Royal Bank Of Canada increased their target price on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Finally, Raymond James Financial raised their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, CES Energy Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.06.

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.