Insider Selling: CES Energy Solutions (CEU) Director Sells C$24,500.00 in Stock

CES Energy Solutions (TSE:CEU) Director Burton Joel Ahrens sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of C$4.90, for a total value of C$24,500.00.

Burton Joel Ahrens also recently made the following trade(s):

  • On Monday, June 11th, Burton Joel Ahrens sold 4,000 shares of CES Energy Solutions stock. The stock was sold at an average price of C$4.92, for a total value of C$19,680.00.
  • On Thursday, June 7th, Burton Joel Ahrens sold 3,000 shares of CES Energy Solutions stock. The stock was sold at an average price of C$5.14, for a total value of C$15,420.00.

Shares of CES Energy Solutions stock opened at C$4.75 on Monday. CES Energy Solutions has a one year low of C$4.57 and a one year high of C$7.34.



CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, May 10th. The company reported C$0.05 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.07 by C($0.02). CES Energy Solutions had a return on equity of 13.37% and a net margin of 7.45%. The company had revenue of C$300.32 million during the quarter, compared to the consensus estimate of C$301.45 million.

A number of research firms have recently issued reports on CEU. Canaccord Genuity dropped their price target on CES Energy Solutions from C$8.50 to C$8.00 in a research note on Friday, May 11th. National Bank Financial raised their price target on CES Energy Solutions from C$8.20 to C$8.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 15th. AltaCorp Capital restated an “outperform” rating on shares of CES Energy Solutions in a research note on Wednesday, April 18th. Scotiabank dropped their price target on CES Energy Solutions from C$10.50 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, May 11th. Finally, GMP Securities raised their price target on CES Energy Solutions from C$9.50 to C$10.00 in a research note on Monday, March 5th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. CES Energy Solutions currently has an average rating of “Buy” and a consensus target price of C$8.50.

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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