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

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) crossed 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 trading hands.

Analyst Ratings Changes

CEU has been the subject of several analyst reports. ATB Capital lowered their price target 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. TD Securities lowered their price target 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. BMO Capital Markets reduced their price objective on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research report on Thursday, April 17th. Atb Cap Markets upgraded shares of CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada reduced their price target 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 report on Thursday, April 17th. 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 stock. According to data from MarketBeat, CES Energy Solutions presently has a consensus rating of "Buy" and a consensus price target of C$10.11.

CES Energy Solutions Stock Performance

The company has a market cap of C$1.37 billion, a PE ratio of 7.15, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The stock's 50-day simple moving average is C$6.44 and its 200 day simple moving average is C$8.09.

CES Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.0425 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from CES Energy Solutions's previous quarterly dividend of $0.03. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.77%. CES Energy Solutions's dividend payout ratio is 14.01%.

Insider Activity at CES Energy Solutions

In other news, Senior Officer Kenneth Earl Zinger acquired 5,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were bought 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 firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$7.23, for a total transaction of C$365,570.49. 3.03% of the stock is owned by corporate 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.