CES Energy Solutions (TSE:CEU) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of CES Energy Solutions Corp. (TSE:CEU) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.14 and traded as high as C$19.27. CES Energy Solutions shares last traded at C$19.20, with a volume of 1,547,220 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CEU shares. National Bank Financial boosted their target price on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. TD Securities cut shares of CES Energy Solutions from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$12.00 to C$16.00 in a research note on Monday, January 26th. Raymond James Financial boosted their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Scotiabank boosted their price target on shares of CES Energy Solutions from C$12.25 to C$16.00 in a research report on Thursday, January 29th. Finally, BMO Capital Markets lowered shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.75.

CES Energy Solutions Stock Up 1.0%

The stock has a market capitalization of C$4.03 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 0.61 and a beta of 0.70. The business’s 50-day moving average is C$17.81 and its two-hundred day moving average is C$14.14. The company has a quick ratio of 1.78, a current ratio of 2.86 and a debt-to-equity ratio of 60.08.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$0.53 earnings per share for the quarter. The firm had revenue of C$664.51 million for the quarter. CES Energy Solutions had a net margin of 8.21% and a return on equity of 25.37%. Equities analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Insiders Place Their Bets

In related news, insider Kenneth Earl Zinger sold 205,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of C$18.41, for a total transaction of C$3,774,050.00. Insiders have sold 401,000 shares of company stock worth $7,379,734 in the last quarter. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Company Profile

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES’ business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.