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

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.15 and traded as low as C$6.16. CES Energy Solutions shares last traded at C$6.16, with a volume of 351,065 shares changing hands.

Wall Street Analysts Forecast Growth

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

CES Energy Solutions Trading Down 1.3%

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 stock has a market cap of C$1.38 billion, a P/E ratio of 7.19, a PEG ratio of 0.61 and a beta of 2.31. The firm's fifty day moving average price is C$6.52 and its two-hundred day moving average price is C$8.15.

CES Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a $0.0425 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.17 annualized dividend and a dividend yield of 2.76%. This is a boost from CES Energy Solutions's previous quarterly dividend of $0.03. CES Energy Solutions's dividend payout ratio (DPR) is presently 14.01%.

Insider Activity

In other news, Senior Officer Kenneth Earl Zinger purchased 5,000 shares of the stock in a transaction on Monday, April 7th. The shares were acquired at an average price of C$6.00 per share, for a total transaction of C$30,000.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$7.23, for a total value of C$365,570.49. Corporate insiders own 3.03% of the company's stock.

About CES Energy Solutions

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.

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