CES Energy Solutions Corp. (CEU) To Go Ex-Dividend on March 31st

CES Energy Solutions Corp. (TSE:CEU) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.0425 per share on Tuesday, April 15th. This represents a $0.17 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, March 31st. This is a 41.7% increase from CES Energy Solutions’s previous quarterly dividend of $0.03.

CES Energy Solutions Trading Up 0.8 %

CEU traded up C$0.06 on Friday, reaching C$7.55. 948,291 shares of the company’s stock were exchanged, compared to its average volume of 649,454. The company’s 50 day moving average is C$8.14 and its 200-day moving average is C$8.51. CES Energy Solutions has a twelve month low of C$4.67 and a twelve month high of C$10.20. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The company has a market cap of C$1.69 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.61 and a beta of 2.31.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Director Stella Cosby sold 4,304 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$7.23, for a total transaction of C$365,570.49. Insiders sold a total of 109,656 shares of company stock worth $956,500 in the last 90 days. 3.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on CEU. ATB Capital raised CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price objective on the stock in a research report on Friday, March 7th. National Bankshares raised their target price on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Finally, Atb Cap Markets raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$10.59.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.