CES Energy Solutions Corp. to Issue Quarterly Dividend of $0.03 (TSE:CEU)

CES Energy Solutions Corp. (TSE:CEU) announced a quarterly dividend on Friday, September 27th, Zacks reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, September 27th.

CES Energy Solutions Stock Performance

Shares of TSE:CEU opened at C$7.70 on Thursday. The firm’s 50 day simple moving average is C$7.71 and its 200-day simple moving average is C$6.76. 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 has a one year low of C$3.28 and a one year high of C$8.35. The firm has a market cap of C$1.80 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 0.61 and a beta of 2.33.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results 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 return on equity of 27.17% and a net margin of 8.53%. 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, equities analysts predict that CES Energy Solutions will post 0.8780774 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CEU shares. ATB Capital upped their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. BMO Capital Markets increased their target price on CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. National Bankshares lifted their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a report on Monday, July 29th. Royal Bank of Canada upped their price objective on CES Energy Solutions from C$9.00 to C$10.00 in a research note on Friday, August 9th. Finally, Scotiabank lifted their target price on CES Energy Solutions from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$9.81.

Insider Activity at CES Energy Solutions

In other news, Senior Officer Matthew Stephen Bell sold 26,146 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of C$7.54, for a total transaction of C$197,140.84. In related news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the company’s stock in a transaction on Thursday, July 4th. The stock was sold at an average price of C$7.55, for a total value of C$411,527.85. Also, Senior Officer Matthew Stephen Bell sold 26,146 shares of CES Energy Solutions stock in a transaction dated Monday, July 8th. The stock was sold at an average price of C$7.54, for a total value of C$197,140.84. Insiders have sold 82,355 shares of company stock valued at $621,434 in the last ninety days. Corporate insiders own 3.13% of the company’s stock.

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.