John Michael Hooks Sells 87,640 Shares of CES Energy Solutions (TSE:CEU) Stock

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 direct stake fell 9.19% to 866,051 shares.
• CES Energy Solutions shares traded at C$19.08, near their one-year high of C$19.86, with a market capitalization of roughly C$4.0 billion and a P/E ratio of 20.74.
• Analyst sentiment remains positive: six analysts rate the stock a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of C$19.72.

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) Director John Michael Hooks sold 87,640 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$18.98, for a total transaction of C$1,663,407.20. Following the sale, the director directly owned 866,051 shares in the company, valued at C$16,437,647.98. This trade represents a 9.19% decrease in their position.

CES Energy Solutions Price Performance

CES Energy Solutions stock traded down C$0.14 during mid-day trading on Wednesday, hitting C$19.08. 302,515 shares of the company traded hands, compared to its average volume of 757,914. CES Energy Solutions Corp. has a one year low of C$8.39 and a one year high of C$19.86. The company has a debt-to-equity ratio of 55.36, a quick ratio of 1.78 and a current ratio of 2.70. The stock has a market cap of C$4.00 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. The stock has a fifty day moving average price of C$17.61 and a 200-day moving average price of C$17.61.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CEU shares. Scotia boosted their price target on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 10th. 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 report on Friday, August 7th. BMO Capital Markets upgraded CES Energy Solutions from a "market perform" rating to an "outperform" rating and raised their target price for the company from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. Raymond James Financial lifted their price target on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Finally, TD lowered their target price 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. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$19.72.

CES Energy Solutions Company Profile

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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