CES Energy Solutions (TSE:CEU) Shares Pass Above 200-Day Moving Average - What's Next?

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.44 and traded as high as C$9.16. CES Energy Solutions shares last traded at C$8.81, with a volume of 520,345 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on CEU. ATB Capital raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. Raymond James lifted their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Scotiabank upped their target price on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th. 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 upped their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$10.59.

CES Energy Solutions Price Performance

The stock has a 50 day moving average of C$9.56 and a 200-day moving average of C$8.45. The stock has a market capitalization of C$2.06 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40.

CES Energy Solutions (TSE:CEU - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$606.52 million during the quarter, compared to analyst estimates of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. On average, equities research analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Tuesday, December 31st. CES Energy Solutions's dividend payout ratio (DPR) is presently 15.38%.

Insider Activity

In other news, Director Stella Cosby sold 4,304 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 17,667 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$8.99, for a total transaction of C$158,826.33. Over the last quarter, insiders sold 151,347 shares of company stock valued at $1,444,972. Corporate 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.