CES Energy Solutions (TSE:CEU) Reaches New 52-Week Low – Should You Sell?

Shares of CES Energy Solutions Corp. (TSE:CEU) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.00 and last traded at C$7.91, with a volume of 169558 shares trading hands. The stock had previously closed at C$8.00.

Analyst Ratings Changes

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

CES Energy Solutions Stock Down 5.5 %

The stock has a market cap of C$1.69 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.61 and a beta of 2.31. The business’s 50 day moving average is C$9.11 and its 200-day moving average is C$8.59. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.03 per share. 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 1.59%. CES Energy Solutions’s dividend payout ratio is currently 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 shares were 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 stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. Insiders sold a total of 79,093 shares of company stock worth $787,930 in the last 90 days. Insiders own 3.03% of the company’s stock.

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.