CES Energy Solutions (TSE:CEU) Share Price Crosses Above 200 Day Moving Average - Here's Why

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) passed 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 trading hands.

Analyst Ratings Changes

CEU has been the subject of a number of analyst reports. Scotiabank lifted their price objective on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th. ATB Capital lifted their price target on CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. Raymond James boosted their price target on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Royal Bank of Canada raised their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, National Bankshares boosted their target price on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a "sector perform" rating in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$10.16.

CES Energy Solutions Stock Performance

The company has a fifty day moving average of C$7.91 and a two-hundred day moving average of C$7.52. The firm has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 11.54, a PEG 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.

CES Energy Solutions (TSE:CEU - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. As a group, equities research analysts predict that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions's dividend payout ratio is currently 15.38%.

Insider Transactions at CES Energy Solutions

In other news, Director John Michael Hooks sold 300,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. Also, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$547,350.72. Over the last ninety days, insiders have sold 455,065 shares of company stock valued at $3,426,156. 3.03% of the stock is currently owned by company 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.