CES Energy Solutions (TSE:CEU) Stock Price Passes Above 200 Day Moving Average – Here’s Why

CES Energy Solutions Corp. (TSE:CEU)’s stock price 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.

Analyst Ratings Changes

A number of research firms have commented on CEU. Royal Bank of Canada raised their price target on CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. ATB Capital raised their price target on CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. Atb Cap Markets cut CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. National Bankshares raised their price target 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. Finally, Scotiabank raised their price target on CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$10.59.

CES Energy Solutions Stock Down 3.5 %

The company has a market cap of C$1.88 billion, a P/E ratio of 9.79, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The business’s 50 day moving average is C$9.24 and its 200 day moving average is C$8.56.

CES Energy Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is 14.01%.

Insider Buying and Selling

In other news, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the company’s 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. Also, Director Stella Cosby sold 4,304 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total value of C$43,040.00. Insiders sold 79,093 shares of company stock valued at $787,930 over the last 90 days. Corporate insiders own 3.03% of the company’s stock.

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.