David Allyn Burroughs Sells 8,885 Shares of CES Energy Solutions Corp. (TSE:CEU) Stock

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Senior Officer David Allyn Burroughs sold 8,885 shares of CES Energy Solutions stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of C$6.86, for a total value of C$60,951.10.

CES Energy Solutions Trading Up 1.9%

TSE:CEU traded up C$0.14 on Friday, reaching C$7.36. The company's stock had a trading volume of 467,170 shares, compared to its average volume of 633,820. CES Energy Solutions Corp. has a 12-month low of C$5.59 and a 12-month high of C$10.20. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The firm has a market cap of C$1.65 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The stock has a 50 day moving average price of C$6.52 and a 200 day moving average price of C$7.46.

Wall Street Analysts Forecast Growth

CEU has been the topic of a number of recent research reports. National Bank Financial raised CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada lowered their price objective on CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. National Bankshares raised CES Energy Solutions from a "sector perform" rating to an "outperform" rating and set a C$14.50 price objective on the stock in a research note on Thursday, July 3rd. BMO Capital Markets lowered their price objective on CES Energy Solutions from C$10.00 to C$9.00 in a research note on Thursday, April 17th. Finally, TD Securities lowered their price objective on CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.