CES Energy Solutions (TSE:CEU) Share Price Passes Below Two Hundred Day Moving Average on Insider Selling

CES Energy Solutions Corp. (TSE:CEU) passed below its two hundred day moving average during trading on Thursday after an insider sold shares in the company. The stock has a two hundred day moving average of C$7.54 and traded as low as C$6.97. CES Energy Solutions shares last traded at C$7.05, with a volume of 878,680 shares.

Specifically, Senior Officer Kenneth Earl Zinger sold 31,222 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of C$6.78, for a total transaction of C$211,685.16. Also, Senior Officer Vernon James Disney sold 23,416 shares of CES Energy Solutions stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of C$6.78, for a total transaction of C$158,760.48. In other news, Senior Officer Anthony Michael Aulicino sold 11,119 shares of CES Energy Solutions stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of C$6.78, for a total value of C$75,386.82.

Analyst Ratings Changes

Several analysts have recently weighed in on CEU shares. National Bank Financial raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Atb Cap Markets raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. TD Securities cut their price objective on CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. National Bankshares upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$14.50 price objective for the company in a research report on Thursday. Finally, ATB Capital cut 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. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$10.54.

CES Energy Solutions Stock Down 1.3%

The stock has a market capitalization of C$1.56 billion, a PE ratio of 8.12, a P/E/G ratio of 0.61 and a beta of 2.31. The firm has a 50 day moving average of C$6.44 and a two-hundred day moving average of C$7.53. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26.

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.