CES Energy Solutions Corp (CEU) Shares Down 4.6%

Shares of CES Energy Solutions Corp (TSE:CEU) traded down 4.6% on Tuesday . The company traded as low as C$6.89 and last traded at C$6.89. 652,689 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 526,321 shares. The stock had previously closed at C$7.22.

Several equities analysts have recently issued reports on CEU shares. Canaccord Genuity upped their price target on CES Energy Solutions Corp from C$7.50 to C$8.00 in a research note on Monday, August 14th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a C$8.50 price target on shares of CES Energy Solutions Corp in a research note on Wednesday, August 30th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$8.67.

The company has a 50 day moving average price of $5.97 and a 200 day moving average price of $6.20. The company’s market capitalization is $1.83 billion.

In other news, insider Kenneth Earl Zinger sold 10,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$5.35, for a total value of C$53,500.00. Also, Director Thomas James Simons bought 8,500 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was bought at an average cost of C$5.82 per share, with a total value of C$49,470.00. Insiders have sold a total of 317,811 shares of company stock worth $1,702,011 in the last 90 days.

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CES Energy Solutions Corp Company Profile

CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total 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.

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