CES Energy Solutions (TSE:CEU) Shares Pass Above 200-Day Moving Average of $6.47

CES Energy Solutions Corp. (TSE:CEU) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.47 and traded as high as C$7.75. CES Energy Solutions shares last traded at C$7.16, with a volume of 675,270 shares.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CEU shares. Royal Bank of Canada raised their price target on CES Energy Solutions from C$9.00 to C$10.00 in a research note on Friday, August 9th. Raymond James lifted their target price on shares of CES Energy Solutions from C$8.50 to C$10.50 and gave the stock a “strong-buy” rating in a research report on Monday, August 12th. ATB Capital lifted their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. TD Securities raised their target price on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. Finally, Scotiabank increased their price target on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$9.81.

CES Energy Solutions Stock Down 7.5 %

The company has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 0.61 and a beta of 2.34. The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78. The firm’s 50-day simple moving average is C$7.75 and its two-hundred day simple moving average is C$6.49.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.05). CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The company had revenue of C$553.20 million during the quarter, compared to analyst estimates of C$544.70 million. Sell-side analysts predict that CES Energy Solutions Corp. will post 0.8306122 EPS for the current fiscal year.

CES Energy Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.03 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.68%. CES Energy Solutions’s payout ratio is currently 15.38%.

Insider Transactions at CES Energy Solutions

In related news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the firm’s stock in a transaction that occurred on Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total transaction of C$411,527.85. In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of CES Energy Solutions stock in a transaction on Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total transaction of C$411,527.85. Also, Senior Officer Kenneth Earl Zinger bought 200,000 shares of CES Energy Solutions stock in a transaction on Monday, June 17th. The stock was acquired at an average price of C$7.03 per share, with a total value of C$1,405,600.00. In the last ninety days, insiders have sold 106,043 shares of company stock worth $788,155. 3.13% of the stock is currently owned by company insiders.

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.