CES Energy Solutions Corp (TSE:CEU) Senior Officer Kenneth Earl Zinger acquired 5,727 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were purchased at an average price of C$2.28 per share, with a total value of C$13,057.56. Following the completion of the purchase, the insider now owns 1,421,362 shares in the company, valued at approximately C$3,240,705.36.
TSE:CEU opened at C$2.26 on Wednesday. The company has a current ratio of 3.76, a quick ratio of 2.10 and a debt-to-equity ratio of 69.70. The business’s 50 day moving average price is C$2.32. The stock has a market cap of $618.03 million and a price-to-earnings ratio of 17.38. CES Energy Solutions Corp has a 12 month low of C$2.16 and a 12 month high of C$5.13.
CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02). The firm had revenue of C$332.99 million during the quarter, compared to analyst estimates of C$318.23 million. Analysts anticipate that CES Energy Solutions Corp will post 0.21 earnings per share for the current year.
Several equities research analysts have commented on CEU shares. Canaccord Genuity cut their price objective on CES Energy Solutions from C$4.75 to C$4.25 in a research note on Wednesday, March 20th. Alliance Global Partners cut their price objective on CES Energy Solutions from C$7.00 to C$5.00 in a research note on Thursday, March 14th. Cormark cut their price objective on CES Energy Solutions from C$6.50 to C$4.50 in a research note on Thursday, March 14th. GMP Securities cut their price objective on CES Energy Solutions from C$3.50 to C$3.00 in a research note on Thursday, March 14th. Finally, BMO Capital Markets cut their price objective on CES Energy Solutions from C$5.00 to C$4.00 in a research note on Monday, May 13th.
CES Energy Solutions Company Profile
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.
Further Reading: Certificate of Deposit (CD)
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