CES Energy Solutions (TSE:CEU) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

CES Energy Solutions Corp. (TSE:CEU - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.49 and traded as high as C$8.66. CES Energy Solutions shares last traded at C$8.57, with a volume of 362,031 shares.

Analysts Set New Price Targets

A number of analysts recently weighed in on CEU shares. National Bankshares increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a "sector perform" rating in a research report on Thursday, December 19th. Royal Bank of Canada increased their price target on CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Atb Cap Markets downgraded CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Raymond James lifted their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Finally, ATB Capital upped their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$10.59.

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 firm's 50-day moving average price is C$9.45 and its two-hundred day moving average price is C$8.50. The stock has a market cap of C$2.07 billion, a PE ratio of 11.36, a PEG ratio of 0.61 and a beta of 2.31.

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 (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$606.52 million for the quarter, compared to analyst estimates of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. On average, equities 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 announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.35%. The ex-dividend date was Tuesday, December 31st. CES Energy Solutions's dividend payout ratio is currently 15.38%.

Insiders Place Their Bets

In other news, Senior Officer Anthony Michael Aulicino sold 17,667 shares of the business's stock in a transaction 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. Also, 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. Over the last 90 days, insiders sold 151,347 shares of company stock valued at $1,444,972. 3.03% of the stock is currently 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.