CES Energy Solutions Corp. (TSE:CEU) Declares Quarterly Dividend of $0.02

CES Energy Solutions Corp. (TSE:CEUGet Rating) declared a quarterly dividend on Tuesday, June 21st, Zacks reports. Shareholders of record on Thursday, June 30th will be given a dividend of 0.016 per share on Friday, July 15th. This represents a $0.06 annualized dividend and a yield of 2.74%. The ex-dividend date is Wednesday, June 29th.

Shares of TSE CEU opened at C$2.34 on Thursday. The company has a market capitalization of C$597.75 million and a P/E ratio of 11.14. The company has a debt-to-equity ratio of 99.02, a current ratio of 3.34 and a quick ratio of 1.75. The company has a 50 day simple moving average of C$2.63 and a 200-day simple moving average of C$2.41. CES Energy Solutions has a 1 year low of C$1.36 and a 1 year high of C$3.11.

CES Energy Solutions (TSE:CEUGet Rating) last posted its earnings results on Thursday, May 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.01. The business had revenue of C$401.28 million for the quarter, compared to analyst estimates of C$395.93 million. As a group, research analysts expect that CES Energy Solutions will post 0.36 EPS for the current year.

In related news, Director John Michael Hooks sold 11,403 shares of CES Energy Solutions stock in a transaction on Friday, April 1st. The stock was sold at an average price of C$2.37, for a total value of C$26,995.46. Following the completion of the transaction, the director now directly owns 1,395,154 shares in the company, valued at C$3,302,887.58. Also, Director Philip Scherman bought 42,000 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The stock was bought at an average price of C$2.35 per share, with a total value of C$98,700.00. Following the completion of the acquisition, the director now owns 341,069 shares of the company’s stock, valued at approximately C$801,512.15.

Several equities research analysts have issued reports on CEU shares. Scotiabank raised their target price on CES Energy Solutions from C$3.30 to C$3.60 in a research note on Monday, May 16th. Royal Bank of Canada raised their target price on CES Energy Solutions from C$2.75 to C$3.25 and gave the stock an “outperform” rating in a research note on Monday, May 16th. TD Securities raised their target price on CES Energy Solutions from C$4.25 to C$4.50 and gave the stock a “buy” rating in a research note on Friday, March 11th. Raymond James cut CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from C$3.25 to C$3.35 in a research note on Monday, March 14th. Finally, National Bankshares raised their price target on CES Energy Solutions from C$2.85 to C$3.35 and gave the stock a “sector perform” rating in a research report on Monday, March 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$3.43.

CES Energy Solutions Company Profile (Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

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Dividend History for CES Energy Solutions (TSE:CEU)

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