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

CES Energy Solutions Corp. (TSE:CEUGet Free Report) shares passed 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 changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on CEU shares. National Bankshares upped their price objective on CES Energy Solutions from C$6.50 to C$7.00 in a report on Thursday, May 9th. Raymond James upped their price target on CES Energy Solutions from C$6.75 to C$8.50 in a research note on Friday, May 10th. TD Securities upped their price target on CES Energy Solutions from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. ATB Capital upped their price target on CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets upped their price target on CES Energy Solutions from C$6.00 to C$8.00 in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CES Energy Solutions has an average rating of “Buy” and a consensus price target of C$7.69.

Read Our Latest Analysis on CEU

CES Energy Solutions Stock Down 0.6 %

The business has a 50-day moving average price of C$6.11 and a two-hundred day moving average price of C$4.71. The company has a quick ratio of 1.78, a current ratio of 2.76 and a debt-to-equity ratio of 60.16. The firm has a market cap of C$1.61 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41.

CES Energy Solutions (TSE:CEUGet Free Report) last posted its quarterly earnings data 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. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. The business had revenue of C$588.58 million for the quarter, compared to analyst estimates of C$555.63 million. On average, equities research analysts expect that CES Energy Solutions Corp. will post 0.7197861 EPS for the current year.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 23.36%. The ex-dividend date is Tuesday, May 21st. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s dividend payout ratio is 16.90%.

Insider Activity at CES Energy Solutions

In related news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$5.55, for a total value of C$127,650.00. In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$4.71, for a total transaction of C$708,060.28. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of C$5.55, for a total value of C$127,650.00. Insiders have sold 498,360 shares of company stock valued at $2,417,920 over the last quarter. 2.91% of the stock is owned by insiders.

About CES Energy Solutions

(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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