CES Energy Solutions (TSE:CEU) Stock Price Passes Above 200 Day Moving Average – Here’s Why

CES Energy Solutions Corp. (TSE:CEU)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.56 and traded as high as C$8.89. CES Energy Solutions shares last traded at C$8.69, with a volume of 457,406 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CEU. Scotiabank increased their target price on CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th. ATB Capital increased their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. National Bankshares increased 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 report on Thursday, December 19th. Atb Cap Markets lowered CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada increased their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$10.59.

CES Energy Solutions Trading Down 3.5 %

The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The company has a market cap of C$1.88 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The stock has a 50-day moving average of C$9.24 and a two-hundred day moving average of C$8.56.

CES Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.12 annualized dividend and a yield of 1.43%. CES Energy Solutions’s dividend payout ratio is 14.01%.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of C$9.85, for a total transaction of C$197,000.00. Also, Director Stella Cosby sold 4,304 shares of the 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. In the last three months, insiders have sold 79,093 shares of company stock worth $787,930. 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.