CES Energy Solutions Corp. (TSE:CEU) Declares $0.03 Quarterly Dividend

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.03 per share on Wednesday, January 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, December 31st.

CES Energy Solutions Price Performance

CEU traded down C$0.32 on Friday, reaching C$9.02. The company had a trading volume of 899,772 shares, compared to its average volume of 592,883. The business has a 50 day simple moving average of C$7.71 and a 200 day simple moving average of C$7.33. The company has a market cap of C$2.11 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 52-week low of C$3.28 and a 52-week high of C$9.43. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18.

CES Energy Solutions (TSE:CEU - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.25 by C($0.05). CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The company had revenue of C$553.20 million for the quarter, compared to the consensus estimate of C$544.70 million. As a group, sell-side analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current year.

Insider Activity at CES Energy Solutions

In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total value of C$174,357.02. In related news, Director Michael Hallat sold 22,610 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total value of C$174,357.02. Also, Director John Michael Hooks sold 4,382 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$32,952.64. Over the last three months, insiders have sold 400,478 shares of company stock worth $2,927,940. Corporate insiders own 3.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CEU. Royal Bank of Canada increased their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday. TD Securities increased their price target on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. National Bankshares lifted their price objective on CES Energy Solutions from C$7.00 to C$9.25 and gave the company a "sector perform" rating in a research report on Monday, July 29th. Scotiabank increased their target price on CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research report on Monday, August 12th. Finally, Raymond James lifted their price target on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$9.97.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.