CES Energy Solutions Corp. (TSE:CEU) to Issue Quarterly Dividend of $0.04

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.0425 per share on Tuesday, April 15th. This represents a $0.17 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Monday, March 31st. This is a 41.7% increase from CES Energy Solutions's previous quarterly dividend of $0.03.

CES Energy Solutions Price Performance

Shares of TSE:CEU traded up C$0.08 during midday trading on Wednesday, hitting C$7.59. The stock had a trading volume of 250,502 shares, compared to its average volume of 654,624. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The company has a market capitalization of C$1.70 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company's 50-day moving average price is C$8.08 and its 200-day moving average price is C$8.53. CES Energy Solutions has a fifty-two week low of C$5.25 and a fifty-two week high of C$10.20.

Analysts Set New Price Targets

CEU has been the topic of a number of research reports. ATB Capital raised shares of CES Energy Solutions from a "sector perform" rating to an "outperform" rating and set a C$11.00 target price on the stock in a research note on Friday, March 7th. 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, National Bankshares boosted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a "sector perform" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$10.59.

Remove Ads

Insider Activity at CES Energy Solutions

In other news, Director Stella Cosby sold 4,304 shares of CES Energy Solutions stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$547,890.00. Insiders have sold a total of 109,656 shares of company stock worth $956,500 in the last 90 days. Corporate insiders own 3.03% of the company's stock.

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.