CES Energy Solutions (TSE:CEU) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.14 and traded as high as C$19.27. CES Energy Solutions shares last traded at C$19.20, with a volume of 1,547,220 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CEU. National Bank Financial boosted their target price on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the company an "outperform" rating in a research report on Friday, January 9th. Raymond James Financial lifted their price objective on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. BMO Capital Markets cut shares of CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 11th. ATB Cormark Capital Markets lifted their price objective on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an "outperform" rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada lifted their price objective on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the company an "outperform" rating in a report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$17.75.

CES Energy Solutions Stock Up 1.0%

The company has a debt-to-equity ratio of 60.08, a current ratio of 2.86 and a quick ratio of 1.78. The business's fifty day simple moving average is C$17.81 and its two-hundred day simple moving average is C$14.14. The company has a market cap of C$4.03 billion, a PE ratio of 20.87, a PEG ratio of 0.61 and a beta of 0.70.

CES Energy Solutions (TSE:CEU - Get Free Report) last released its earnings results on Tuesday, March 10th. The company reported C$0.53 EPS for the quarter. The business had revenue of C$664.51 million during the quarter. CES Energy Solutions had a net margin of 8.21% and a return on equity of 25.37%. On average, analysts predict that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

Insider Activity at CES Energy Solutions

In other news, insider Kenneth Earl Zinger sold 46,100 shares of the business's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of C$18.35, for a total transaction of C$845,935.00. Following the completion of the sale, the insider owned 1,821,757 shares of the company's stock, valued at C$33,429,240.95. The trade was a 2.47% decrease in their ownership of the stock. Insiders have sold a total of 401,000 shares of company stock worth $7,379,734 over the last three months. 3.03% of the stock is owned by insiders.

About CES Energy Solutions

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES' business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.

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