CES Energy Solutions Corp. (CEU) To Go Ex-Dividend on May 21st

CES Energy Solutions Corp. (TSE:CEUGet Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Wednesday, May 22nd will be given a dividend of 0.40 per share on Wednesday, June 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 23.56%. The ex-dividend date of this dividend is Tuesday, May 21st. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03.

CES Energy Solutions Trading Up 0.4 %

CEU opened at C$6.79 on Friday. The company has a market cap of C$1.60 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46. The company has a fifty day moving average price of C$5.46 and a two-hundred day moving average price of C$4.38. The company has a current ratio of 2.76, a quick ratio of 1.78 and a debt-to-equity ratio of 60.16. CES Energy Solutions has a 1-year low of C$2.30 and a 1-year high of C$6.96.

CES Energy Solutions (TSE:CEUGet Free Report) last issued its earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The business had revenue of C$553.46 million during the quarter, compared to analyst estimates of C$538.23 million. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. Analysts predict that CES Energy Solutions will post 0.7199148 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CEU. ATB Capital increased their target price on CES Energy Solutions from C$5.25 to C$6.50 in a report on Wednesday, April 3rd. Raymond James raised their price objective on shares of CES Energy Solutions from C$6.75 to C$8.50 in a research note on Friday, May 10th. Royal Bank of Canada boosted their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. TD Securities raised their price target on shares of CES Energy Solutions from C$7.00 to C$9.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Stifel Nicolaus boosted their price objective on CES Energy Solutions from C$7.50 to C$8.50 in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$7.69.

Check Out Our Latest Stock Analysis on CEU

Insiders Place Their Bets

In related news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of C$5.55, for a total transaction of C$127,650.00. In other CES Energy Solutions 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 value of C$212,850.00. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$5.55, for a total transaction of C$127,650.00. Insiders have sold a total of 498,360 shares of company stock valued at $2,417,920 in the last 90 days. 2.35% of the stock is currently owned by corporate insiders.

CES Energy Solutions Company Profile

(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.

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Dividend History for CES Energy Solutions (TSE:CEU)

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