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

CES Energy Solutions Corp. (TSE:CEU) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.24 and traded as low as C$16.16. CES Energy Solutions shares last traded at C$16.37, with a volume of 576,747 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Raymond James Financial increased their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada upped their price target on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. National Bank Financial cut CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price objective on the stock. in a research note on Wednesday, May 13th. Finally, TD lifted their price objective on CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$19.06.

CES Energy Solutions Price Performance

The company has a market cap of C$3.45 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 0.61 and a beta of 0.52. The business has a 50 day moving average of C$17.52 and a 200 day moving average of C$16.24. The company has a debt-to-equity ratio of 55.71, a current ratio of 2.75 and a quick ratio of 1.78.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. The business had revenue of C$681.51 million for the quarter. As a group, research analysts predict that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Insider Transactions at CES Energy Solutions

In related news, insider Kenneth Earl Zinger purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average cost of C$15.00 per share, with a total value of C$150,000.00. Following the completion of the purchase, the insider directly owned 1,682,857 shares in the company, valued at approximately C$25,242,855. This represents a 0.60% increase in their ownership of the stock. Also, Director John Michael Hooks sold 133,800 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$18.92, for a total transaction of C$2,531,496.00. Following the completion of the sale, the director owned 902,565 shares of the company’s stock, valued at C$17,076,529.80. This trade represents a 12.91% decrease in their ownership of the stock. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Company Profile

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.