CES Energy Solutions (TSE:CEU) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

CES Energy Solutions Corp. (TSE:CEU) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.52 and traded as high as C$9.09. CES Energy Solutions shares last traded at C$9.00, with a volume of 694,338 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CEU shares. Raymond James increased their target price on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. National Bankshares raised their price objective on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Royal Bank of Canada upped their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. 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. Finally, ATB Capital boosted their price objective on CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CES Energy Solutions presently has an average rating of “Buy” and a consensus target price of C$10.16.

CES Energy Solutions Price Performance

The stock has a market cap of C$2.11 billion, a PE ratio of 11.54, a P/E/G 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 business has a 50 day moving average price of C$7.91 and a two-hundred day moving average price of C$7.52.

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

CES Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a yield of 1.33%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

Insiders Place Their Bets

In related news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of CES Energy Solutions stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$547,350.72. Also, Director John Michael Hooks sold 4,382 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total transaction of C$32,952.64. Over the last 90 days, insiders have sold 455,065 shares of company stock valued at $3,426,156. Company insiders own 3.03% of the company’s stock.

About CES Energy Solutions

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.