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

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.56 and traded as high as C$8.89. CES Energy Solutions shares last traded at C$8.69, with a volume of 457,406 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. ATB Capital lifted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Scotiabank lifted their price objective on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Royal Bank of Canada upped their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. National Bankshares lifted their price target on 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. Finally, Atb Cap Markets lowered CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. 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. According to data from MarketBeat, CES Energy Solutions has an average rating of "Moderate Buy" and an average price target of C$10.59.

CES Energy Solutions Price Performance

The firm has a market cap of C$1.84 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The stock has a 50 day simple moving average of C$9.22 and a two-hundred day simple moving average of C$8.57. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82.

CES Energy Solutions Dividend Announcement

The business also recently declared 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 1.46%. The ex-dividend date was Tuesday, December 31st. CES Energy Solutions's dividend payout ratio is currently 14.01%.

Insider Buying and Selling at CES Energy Solutions

In other news, Director Stella Cosby sold 4,304 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total transaction of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of C$9.85, for a total value of C$197,000.00. Over the last ninety days, insiders sold 79,093 shares of company stock valued at $787,930. 3.03% of the stock is owned by company insiders.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.