CES Energy Solutions (TSE:CEU) Stock Passes Above 200 Day Moving Average - Time to Sell?

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CEU shares. National Bankshares increased their target price 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. Raymond James increased their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. ATB Capital increased their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Finally, Scotiabank boosted 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. Two research 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's stock. According to MarketBeat, CES Energy Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of C$10.59.

CES Energy Solutions Price Performance

The stock has a market cap of C$2.34 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The business's 50 day moving average price is C$9.19 and its two-hundred day moving average price is C$8.17. 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 posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of C$606.52 million for the quarter, compared to analysts' expectations of C$582.25 million. As a group, sell-side analysts expect that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Announces Dividend

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

Insiders Place Their Bets

In related news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$9.13, for a total value of C$498,215.55. Also, Senior Officer Anthony Michael Aulicino sold 17,667 shares of CES Energy Solutions stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$8.99, for a total value of C$158,826.33. Over the last quarter, insiders have sold 115,564 shares of company stock worth $1,033,999. 3.03% of the stock is currently owned by company insiders.

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.