CES Energy Solutions (TSE:CEU) Shares Pass Above 200-Day Moving Average of $4.68

Shares of CES Energy Solutions Corp. (TSE:CEUGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.68 and traded as high as C$6.94. CES Energy Solutions shares last traded at C$6.89, with a volume of 395,059 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on CEU shares. TD Securities increased their target price on CES Energy Solutions from C$7.00 to C$9.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Raymond James raised their price objective on CES Energy Solutions from C$6.75 to C$8.50 in a report on Friday, May 10th. Stifel Nicolaus raised their price objective on CES Energy Solutions from C$7.50 to C$8.50 in a report on Thursday, May 9th. Royal Bank of Canada raised their price objective on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, BMO Capital Markets raised their price objective on CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CES Energy Solutions has an average rating of “Buy” and an average price target of C$7.69.

Get Our Latest Stock Analysis on CES Energy Solutions

CES Energy Solutions Price Performance

The business’s 50 day moving average is C$6.06 and its 200-day moving average is C$4.68. The firm has a market capitalization of C$1.62 billion, a P/E ratio of 9.70, a PEG ratio of 0.61 and a beta of 2.41. The company has a quick ratio of 1.78, a current ratio of 2.76 and a debt-to-equity ratio of 60.16.

CES Energy Solutions (TSE:CEUGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.08. The firm had revenue of C$588.58 million for the quarter, compared to analysts’ expectations of C$555.63 million. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. As a group, sell-side analysts predict that CES Energy Solutions Corp. will post 0.7197861 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be paid a $0.40 dividend. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, May 21st. This represents a $1.60 annualized dividend and a dividend yield of 23.22%. CES Energy Solutions’s payout ratio is currently 16.90%.

Insider Buying and Selling

In related news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$5.55, for a total value of C$127,650.00. In other news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$5.55, for a total transaction of C$127,650.00. Also, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total transaction of C$212,850.00. Insiders have sold a total of 498,360 shares of company stock valued at $2,417,920 over the last 90 days. 2.91% of the stock is owned by insiders.

CES Energy Solutions Company Profile

(Get Free Report)

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.

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