CES Energy Solutions (TSE:CEU) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

CES Energy Solutions Corp. (TSE:CEU) passed 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 trading hands.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. ATB Capital lifted their price target 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 lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Atb Cap Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating 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. Finally, National Bankshares lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CES Energy Solutions presently has a consensus rating of “Moderate Buy” and an average price target of C$10.59.

CES Energy Solutions Stock Performance

The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. The business’s 50 day moving average is C$9.27 and its 200 day moving average is C$8.56. The stock has a market capitalization of C$1.94 billion, a PE ratio of 10.14, a PEG ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 1.38%. CES Energy Solutions’s dividend payout ratio is presently 14.01%.

Insider Activity at CES Energy Solutions

In other news, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$547,890.00. Also, Director Stella Cosby sold 4,304 shares of the business’s 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 79,093 shares of company stock worth $787,930 in the last 90 days. 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.