CES Energy Solutions (TSE:CEU) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

CES Energy Solutions Corp. (TSE:CEU) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

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

CES Energy Solutions Price Performance

The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. The company has a market capitalization of C$2.34 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.61 and a beta of 2.31. The business’s 50-day moving average is C$9.23 and its 200-day moving average is C$8.19.

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

CES Energy Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 annualized dividend and a yield of 1.20%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

Insider Buying and Selling

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 on Tuesday, December 3rd. The shares were sold at an average price of C$9.85, for a total value of C$197,000.00. Over the last 90 days, insiders have sold 115,564 shares of company stock worth $1,033,999. 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.