CES Energy Solutions Corp. (CEU) to Issue Quarterly Dividend of $0.03 on April 15th

CES Energy Solutions Corp. (TSE:CEUGet Free Report) announced a quarterly dividend on Wednesday, March 27th, Zacks reports. Investors of record on Monday, April 15th will be paid a dividend of 0.03 per share on Monday, April 15th. This represents a $0.12 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Wednesday, March 27th. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03.

CES Energy Solutions Trading Down 0.2 %

CES Energy Solutions stock opened at C$4.67 on Monday. The company has a 50 day moving average price of C$4.27 and a 200 day moving average price of C$3.85. CES Energy Solutions has a 52 week low of C$2.30 and a 52 week high of C$4.88. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. The firm has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.61 and a beta of 2.43.

CES Energy Solutions (TSE:CEUGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The firm had revenue of C$553.46 million during the quarter, compared to analyst estimates of C$538.23 million. Research analysts forecast that CES Energy Solutions will post 0.654979 EPS for the current year.

Analysts Set New Price Targets

CEU has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock a “buy” rating in a research report on Friday, March 1st. BMO Capital Markets increased their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 in a research report on Friday, February 2nd. ATB Capital increased their target price on shares of CES Energy Solutions from C$5.00 to C$5.25 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Royal Bank of Canada raised their price target on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, TD Securities raised their price target on shares of CES Energy Solutions from C$5.00 to C$6.00 and gave the company a “buy” rating in a report on Friday, March 1st. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$5.43.

Check Out Our Latest Stock Report on CES Energy Solutions

Insider Activity at CES Energy Solutions

In related news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of CES Energy Solutions stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total transaction of C$212,850.00. In related news, Director John Michael Hooks sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$4.76, for a total transaction of C$475,610.00. Also, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total transaction of C$212,850.00. Insiders sold 425,360 shares of company stock valued at $2,023,770 in the last ninety days. Insiders own 2.45% of the company’s stock.

About CES Energy Solutions

(Get Free Report)

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.

Further Reading

Dividend History for CES Energy Solutions (TSE:CEU)

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