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

CES Energy Solutions Corp. (TSE:CEU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.22 and traded as high as C$8.26. CES Energy Solutions shares last traded at C$8.05, with a volume of 614,057 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CEU shares. Raymond James increased their target price on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Royal Bank of Canada increased their target price on CES Energy Solutions from C$9.00 to C$10.00 in a report on Friday, August 9th. ATB Capital increased their target price on CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. TD Securities increased their target price on CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. Finally, Scotiabank increased their target price on CES Energy Solutions from C$8.50 to C$9.00 and gave the company an "outperform" rating in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$9.84.

CES Energy Solutions Stock Performance

The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78. The business has a 50-day simple moving average of C$7.65 and a 200 day simple moving average of C$7.23. The firm has a market cap of C$1.88 billion, a PE ratio of 10.32, a PEG ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing analysts' consensus estimates of C$0.25 by C($0.05). CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The company had revenue of C$553.20 million during the quarter, compared to analysts' expectations of C$544.70 million. Equities research analysts forecast that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

CES Energy Solutions Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, September 27th. CES Energy Solutions's dividend payout ratio is currently 15.38%.

Insider Buying and Selling

In related news, Director Michael Hallat sold 22,610 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction of C$174,357.02. In related news, Director John Michael Hooks sold 4,382 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$32,952.64. Also, Director Michael Hallat sold 22,610 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction of C$174,357.02. Over the last 90 days, insiders sold 400,478 shares of company stock worth $2,927,940. 3.03% of the stock is owned by corporate 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.