CES Energy Solutions (CEU) Director Sells C$40,806.06 in Stock

CES Energy Solutions (TSE:CEU) Director Donald Michael Godfre Stewart sold 6,366 shares of CES Energy Solutions stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of C$6.41, for a total transaction of C$40,806.06.

Shares of CEU traded down C$0.15 during mid-day trading on Monday, reaching C$6.25. 351,793 shares of the stock traded hands, compared to its average volume of 564,034. CES Energy Solutions has a 1 year low of C$4.94 and a 1 year high of C$7.53.

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CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, March 1st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.04). The firm had revenue of C$278.83 million for the quarter, compared to analysts’ expectations of C$265.63 million. CES Energy Solutions had a net margin of 7.45% and a return on equity of 13.37%.

A number of research firms recently weighed in on CEU. GMP Securities lifted their price objective on shares of CES Energy Solutions from C$9.50 to C$10.00 in a research note on Monday, March 5th. TD Securities reiterated a “buy” rating and issued a C$8.50 price objective on shares of CES Energy Solutions in a research note on Friday, February 23rd. Raymond James Financial reiterated a “strong-buy” rating and issued a C$8.50 price objective on shares of CES Energy Solutions in a research note on Friday, February 9th. Clarus Securities reiterated a “buy” rating on shares of CES Energy Solutions in a research note on Monday, March 5th. Finally, Canaccord Genuity reduced their price objective on shares of CES Energy Solutions from C$9.00 to C$8.50 in a research note on Wednesday, April 11th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$8.90.

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About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

Insider Buying and Selling by Quarter for CES Energy Solutions (TSE:CEU)

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