Key Points
- Director John Michael Hooks sold 133,800 shares of CES Energy Solutions at an average price of C$18.92, totaling about C$2.53 million. After the sale, he still held 902,565 shares, a 12.91% reduction in his position.
- The company recently reported quarterly EPS of C$0.24 on revenue of C$681.51 million, with a net margin of 8.29% and return on equity of 26.01%. Analysts expect CES Energy Solutions to earn about 0.86 EPS for the full year.
- Analyst sentiment is mixed, with three Buy ratings and four Hold ratings and an average target price of C$18.64. Recent target changes ranged from C$16.00 to C$22.00, reflecting varied views on the stock’s upside.
CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Director John Michael Hooks sold 133,800 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$18.92, for a total value of C$2,531,496.00. Following the sale, the director owned 902,565 shares of the company's stock, valued at C$17,076,529.80. This trade represents a 12.91% decrease in their position.
CES Energy Solutions Stock Performance
TSE:CEU opened at C$17.79 on Tuesday. The company has a debt-to-equity ratio of 55.71, a current ratio of 2.75 and a quick ratio of 1.78. The firm has a market cap of C$3.75 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. The firm's fifty day moving average price is C$18.26 and its 200 day moving average price is C$15.21. CES Energy Solutions Corp. has a 1-year low of C$6.15 and a 1-year high of C$19.58.
CES Energy Solutions (TSE:CEU - Get Free Report) last released its earnings results 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 company had revenue of C$681.51 million during the quarter. On average, sell-side analysts expect that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.
Analysts Set New Price Targets
CEU has been the topic of several recent analyst reports. National Bank Financial cut CES Energy Solutions from an "outperform" rating to a "sector perform" rating and set a C$20.00 target price on the stock. in a research report on Wednesday, May 13th. Raymond James Financial lifted their price target on CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Royal Bank Of Canada upped their price objective on CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Tuesday, April 14th. ATB Cormark Capital Markets increased their price objective on CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an "outperform" rating in a research report on Monday, January 26th. Finally, TD Securities downgraded 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 report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$18.64.
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About CES Energy Solutions
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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.
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