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

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$8.53 and traded as high as C$9.06. CES Energy Solutions shares last traded at C$8.92, with a volume of 443,761 shares changing hands.

Analyst Upgrades and Downgrades

CEU has been the topic of several analyst reports. Scotiabank upped their price objective on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. National Bankshares increased 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 note on Thursday, December 19th. Atb Cap Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, 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. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$10.59.

CES Energy Solutions Price Performance

The stock has a fifty day moving average of C$9.36 and a 200-day moving average of C$8.53. The firm has a market capitalization of C$2.09 billion, a P/E ratio of 11.44, a PEG ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40.

CES Energy Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio is presently 15.38%.

Insider Transactions at CES Energy Solutions

In other news, Senior Officer Anthony Michael Aulicino sold 17,667 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$8.99, for a total transaction of C$158,826.33. Also, Director Stella Cosby sold 4,304 shares of the firm’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$43,040.00. Over the last three months, insiders have sold 96,760 shares of company stock worth $946,756. Corporate insiders own 3.03% of the company’s stock.

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.