CES Energy Solutions (TSE:CEU) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.66 and traded as low as C$6.55. CES Energy Solutions shares last traded at C$6.61, with a volume of 469,756 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CEU shares. Atb Cap Markets raised shares of CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Royal Bank Of Canada dropped their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. ATB Capital dropped their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating for the company in a report on Monday, May 5th. BMO Capital Markets dropped their price objective on shares of CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. Finally, TD Securities dropped their price objective on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$10.11.

CES Energy Solutions Stock Performance

The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The company has a market cap of C$1.48 billion, a PE ratio of 7.75, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company's 50 day simple moving average is C$6.37 and its two-hundred day simple moving average is C$7.59.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $0.0425 per share. This is an increase from CES Energy Solutions's previous quarterly dividend of $0.03. This represents a $0.17 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Monday, March 31st. CES Energy Solutions's dividend payout ratio is presently 14.01%.

Insider Buying and Selling

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger bought 10,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of C$6.06 per share, with a total value of C$60,600.00. 3.03% of the stock is owned by insiders.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.