CES Energy Solutions (TSE:CEU) Shares Cross Above 200 Day Moving Average of $6.47

CES Energy Solutions Corp. (TSE:CEU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.47 and traded as high as C$7.75. CES Energy Solutions shares last traded at C$7.16, with a volume of 675,270 shares changing hands.

Analyst Ratings Changes

Several brokerages have issued reports on CEU. TD Securities increased their price target on CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. National Bankshares raised their target price 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. Scotiabank raised their price objective on CES Energy Solutions from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. ATB Capital increased their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. Finally, Royal Bank of Canada upped their price target on shares of CES Energy Solutions from C$9.00 to C$10.00 in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$9.81.

CES Energy Solutions Price Performance

The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. The business has a 50-day moving average of C$7.75 and a 200 day moving average of C$6.49. The firm has a market capitalization of C$1.68 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.61 and a beta of 2.34.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.05). The company had revenue of C$553.20 million during the quarter, compared to the consensus estimate of C$544.70 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. As a group, research analysts anticipate that CES Energy Solutions Corp. will post 0.8306122 EPS for the current fiscal year.

CES Energy Solutions Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, September 27th. CES Energy Solutions’s payout ratio is 15.38%.

Insider Activity at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the company’s stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total transaction of C$411,527.85. In other news, Senior Officer Matthew Stephen Bell sold 26,146 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of C$7.54, for a total transaction of C$197,140.84. Also, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the company’s stock in a transaction that occurred on Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total value of C$411,527.85. Insiders have sold a total of 106,043 shares of company stock valued at $788,155 over the last 90 days. 3.13% of the stock is owned by 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.