Key Points
- Director John Michael Hooks sold 78,700 CES Energy Solutions shares at an average C$19.10, generating approximately C$1.50 million. After the transaction, he retained 787,351 shares, a 9.09% reduction in his position.
- Hooks also sold 87,640 shares on September 8 at an average price of C$18.98, for approximately C$1.66 million.
- Analyst sentiment remains positive, with six Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a C$19.72 price target.
CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Director John Michael Hooks sold 78,700 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of C$19.10, for a total transaction of C$1,503,170.00. Following the sale, the director owned 787,351 shares of the company's stock, valued at approximately C$15,038,404.10. This represents a 9.09% decrease in their position.
John Michael Hooks also recently made the following trade(s):
- On Tuesday, September 8th, John Michael Hooks sold 87,640 shares of CES Energy Solutions stock. The shares were sold at an average price of C$18.98, for a total transaction of C$1,663,407.20.
CES Energy Solutions Price Performance
CES Energy Solutions stock opened at C$20.09 on Friday. CES Energy Solutions Corp. has a 12 month low of C$8.52 and a 12 month high of C$20.15. The stock's 50 day moving average is C$17.79 and its 200-day moving average is C$17.67. 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 company has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 0.61 and a beta of 0.81.
Wall Street Analysts Forecast Growth
CEU has been the topic of a number of recent analyst reports. National Bank Financial raised shares of CES Energy Solutions from a "hold" rating to an "outperform" rating and set a C$20.00 price objective on the stock in a research note on Friday, August 7th. Scotia raised their target price on 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. Raymond James Financial lifted their price target on CES Energy Solutions from C$23.00 to C$25.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. TD lowered their price target on CES Energy Solutions from C$19.00 to C$18.00 and set a "hold" rating for the company in a report on Monday, July 13th. Finally, BMO Capital Markets upgraded CES Energy Solutions from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$19.72.
Read Our Latest Stock Report on CEU
About CES Energy Solutions
(
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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