Mihir Patel Sells 4,484 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Senior Officer Mihir Patel sold 4,484 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of C$6.86, for a total value of C$30,760.24.

CES Energy Solutions Stock Performance

Shares of TSE CEU traded up C$0.14 during trading hours on Friday, reaching C$7.36. The stock had a trading volume of 467,170 shares, compared to its average volume of 633,820. The firm has a market cap of C$1.65 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.61 and a beta of 2.31. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. CES Energy Solutions Corp. has a fifty-two week low of C$5.59 and a fifty-two week high of C$10.20. The firm has a 50-day moving average of C$6.52 and a 200-day moving average of C$7.46.

Analyst Ratings Changes

Several equities research analysts have weighed in on CEU shares. TD Securities cut their price target on CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Royal Bank Of Canada cut their price target on CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. BMO Capital Markets cut their price target on CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. National Bank Financial raised CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 2nd. Finally, ATB Capital lowered their price objective on CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Five investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$10.54.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.