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

CES Energy Solutions Corp. (TSE:CEU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.53 and traded as high as C$9.06. CES Energy Solutions shares last traded at C$8.92, with a volume of 443,761 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on CEU. Atb Cap Markets cut shares of CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Scotiabank increased 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. National Bankshares increased their target price on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a "sector perform" rating in a research report on Thursday, December 19th. ATB Capital increased their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada increased their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$10.59.

CES Energy Solutions Price Performance

The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The firm has a market cap of C$1.95 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The stock's 50 day simple moving average is C$9.33 and its 200-day simple moving average is C$8.54.

CES Energy Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.38%. CES Energy Solutions's payout ratio is currently 14.01%.

Insider Transactions at CES Energy Solutions

In other news, Director Stella Cosby sold 4,304 shares of the stock in a transaction on 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 54,789 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total transaction of C$547,890.00. Insiders have sold 96,760 shares of company stock worth $946,756 over the last 90 days. 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.