John Michael Hooks Sells 87,640 Shares of CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU) Director John Michael Hooks sold 87,640 shares of CES Energy Solutions stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$18.98, for a total transaction of C$1,663,407.20. Following the completion of the sale, the director owned 866,051 shares of the company’s stock, valued at approximately C$16,437,647.98. The trade was a 9.19% decrease in their ownership of the stock.

CES Energy Solutions Trading Up 1.3%

Shares of CEU stock opened at C$19.30 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.78 and a debt-to-equity ratio of 55.36. The stock has a market cap of C$4.05 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. The stock has a 50 day simple moving average of C$17.72 and a 200 day simple moving average of C$17.65. CES Energy Solutions Corp. has a 1 year low of C$8.46 and a 1 year high of C$19.86.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CEU shares. Scotia boosted their price target on CES Energy Solutions from C$21.00 to C$22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 10th. Raymond James Financial increased their price objective on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. TD decreased their target price on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Monday, July 13th. National Bank Financial raised shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 target price on the stock in a report on Friday, August 7th. Finally, BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$19.72.

About CES Energy Solutions

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.