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

CES Energy Solutions Corp. (TSE:CEU) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.17 and traded as high as C$9.94. CES Energy Solutions shares last traded at C$9.92, with a volume of 509,970 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CEU shares. Atb Cap Markets lowered shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their price target on CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Scotiabank boosted their price objective on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. National Bankshares raised their target price on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Finally, ATB Capital lifted their price target on CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$10.59.

CES Energy Solutions Trading Up 2.2 %

The firm has a market cap of C$2.32 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The company has a 50 day moving average price of C$9.19 and a 200 day moving average price of C$8.17.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The company 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, research analysts expect that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insider Buying and Selling at CES Energy Solutions

In related news, Director Michael Hallat sold 22,610 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction of C$174,357.02. Also, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$9.85, for a total value of C$197,000.00. Insiders sold a total of 115,564 shares of company stock valued at $1,033,999 in the last three months. 3.03% of the stock is owned by corporate 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.