CES Energy Solutions Corp (TSE:CEU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.42 and traded as high as $2.14. CES Energy Solutions shares last traded at $2.11, with a volume of 271,847 shares traded.

A number of analysts recently issued reports on the stock. BMO Capital Markets downgraded shares of CES Energy Solutions from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$4.00 to C$2.00 in a report on Friday, August 9th. Raymond James upgraded shares of CES Energy Solutions from a “neutral” rating to a “strong-buy” rating and set a C$4.50 price objective for the company in a report on Friday, August 9th. Royal Bank of Canada upgraded shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$3.00 to C$3.50 in a report on Monday, August 12th. National Bank Financial decreased their price objective on shares of CES Energy Solutions from C$4.50 to C$3.75 and set an “outperform” rating for the company in a report on Thursday, August 15th. Finally, Canaccord Genuity raised their price objective on shares of CES Energy Solutions from C$3.25 to C$3.50 in a report on Monday, August 12th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$4.08.

The business’s fifty day moving average is C$1.94 and its 200-day moving average is C$2.42. The company has a debt-to-equity ratio of 65.08, a current ratio of 3.63 and a quick ratio of 1.93. The firm has a market cap of $582.03 million and a PE ratio of 18.73.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.03. The company had revenue of C$312.94 million for the quarter, compared to analysts’ expectations of C$292.08 million. Analysts forecast that CES Energy Solutions Corp will post 0.2009852 EPS for the current year.

The firm also recently announced a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were given a dividend of $0.005 per share. The ex-dividend date was Tuesday, July 30th. This represents a $0.06 dividend on an annualized basis and a yield of 2.91%. CES Energy Solutions’s dividend payout ratio is presently 54.55%.

About CES Energy Solutions (TSE:CEU)

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

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