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

CES Energy Solutions Corp. (TSE:CEU) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CEU. Raymond James increased their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. National Bankshares upped their price target on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Atb Cap Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Scotiabank upped their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$10.59.

CES Energy Solutions Trading Up 0.1 %

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’s fifty day simple moving average is C$9.47 and its 200-day simple moving average is C$8.49. The company has a market capitalization of C$2.01 billion, a P/E ratio of 10.99, a PEG ratio of 0.61 and a beta of 2.31.

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

CES Energy Solutions Dividend Announcement

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

Insider Activity

In other news, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$547,890.00. Also, Director Stella Cosby sold 4,304 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. In the last ninety days, insiders have sold 151,347 shares of company stock worth $1,444,972. Corporate insiders own 3.03% of the company’s stock.

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.