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

CES Energy Solutions Corp. (TSE:CEU) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, December 31st.

CES Energy Solutions Price Performance

CEU stock traded down C$0.10 during trading on Friday, hitting C$9.24. The company had a trading volume of 47,765 shares, compared to its average volume of 588,957. The firm has a market capitalization of C$2.16 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. The business has a 50 day moving average of C$7.71 and a 200 day moving average of C$7.33. CES Energy Solutions has a fifty-two week low of C$3.28 and a fifty-two week high of C$9.43.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of C$553.20 million for the quarter, compared to the consensus estimate of C$544.70 million. As a group, research analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

Insider Transactions at CES Energy Solutions

In other news, Director John Michael Hooks sold 4,382 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$32,952.64. In other news, Director John Michael Hooks sold 4,382 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total transaction of C$32,952.64. Also, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$547,350.72. Over the last three months, insiders sold 400,478 shares of company stock worth $2,927,940. 3.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CEU. ATB Capital raised their target price on shares of CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. National Bankshares raised their price objective on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. BMO Capital Markets boosted their target price on CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Raymond James increased their price target on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada upped their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$9.97.

CES Energy Solutions Company Profile

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.