CES Energy Solutions (TSE:CEU) Stock Crosses Above 200-Day Moving Average – Time to Sell?

CES Energy Solutions Corp. (TSE:CEU)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.49 and traded as high as C$8.66. CES Energy Solutions shares last traded at C$8.57, with a volume of 362,031 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. National Bankshares increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. Scotiabank raised their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th. Royal Bank of Canada raised their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. ATB Capital raised their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Finally, Raymond James raised their price target on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$10.59.

CES Energy Solutions Stock Up 0.1 %

The firm has a market cap of C$2.01 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.61 and a beta of 2.31. The business’s 50 day moving average price is C$9.47 and its 200 day moving average price is C$8.49. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The business had revenue of C$606.52 million for the quarter, compared to analysts’ expectations of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. On average, equities analysts forecast that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

CES Energy Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.40%. CES Energy Solutions’s payout ratio is 15.38%.

Insider Activity at CES Energy Solutions

In related news, Director Stella Cosby sold 4,304 shares of CES Energy Solutions stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of CES Energy Solutions stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$547,890.00. In the last quarter, insiders have sold 151,347 shares of company stock valued at $1,444,972. 3.03% of the stock is owned by company insiders.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.