Key Points
- Director John Michael Hooks sold 87,640 CES Energy Solutions shares at an average price of C$18.98, generating approximately C$1.66 million. His remaining stake fell 9.19% to 866,051 shares.
- CES Energy Solutions shares opened at C$19.05 and were trading down 0.9%, with a market capitalization of about C$4.0 billion and a 12-month range of C$8.39 to C$19.86.
- Analysts remain broadly positive, with six Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average target price of C$19.72.
CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Director John Michael Hooks sold 87,640 shares of the 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 transaction, the director owned 866,051 shares in the company, valued at approximately C$16,437,647.98. This trade represents a 9.19% decrease in their position.
CES Energy Solutions Trading Down 0.9%
Shares of CEU stock opened at C$19.05 on Thursday. The company has a current ratio of 2.70, a quick ratio of 1.78 and a debt-to-equity ratio of 55.36. CES Energy Solutions Corp. has a 12-month low of C$8.39 and a 12-month high of C$19.86. The stock has a market capitalization of C$4.00 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.61 and a beta of 0.81. The firm's 50 day moving average is C$17.66 and its 200 day moving average is C$17.63.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. National Bank Financial raised 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. TD lowered their price objective on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. Raymond James Financial raised 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 report on Monday, August 10th. 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. Finally, Scotia upped their target price on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the company a "sector outperform" rating in a report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and two have given 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$19.72.
Check Out Our Latest Stock Report on CES Energy Solutions
CES Energy Solutions Company Profile
(
Get Free Report)
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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