CES Energy Solutions Corp. (TSE:CEU - Get Rating) announced a quarterly dividend on Tuesday, June 21st, Zacks reports. Investors 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 dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, June 29th.
CES Energy Solutions stock opened at C$2.34 on Thursday. The company has a quick ratio of 1.75, a current ratio of 3.34 and a debt-to-equity ratio of 99.02. The company has a market capitalization of C$597.75 million and a P/E ratio of 11.14. The stock's 50 day moving average is C$2.63 and its 200 day moving average is C$2.41. CES Energy Solutions has a twelve month low of C$1.36 and a twelve month high of C$3.11.
CES Energy Solutions (TSE:CEU - Get Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.01. The business had revenue of C$401.28 million during the quarter, compared to the consensus estimate of C$395.93 million. As a group, equities analysts expect that CES Energy Solutions will post 0.36 EPS for the current year.
Several equities analysts have recently weighed in on CEU shares. BMO Capital Markets increased their price target on CES Energy Solutions from C$2.50 to C$3.50 in a report on Friday, March 11th. Scotiabank increased their price target on CES Energy Solutions from C$3.30 to C$3.60 in a report on Monday, May 16th. Royal Bank of Canada increased their price target on CES Energy Solutions from C$2.75 to C$3.25 and gave the company an "outperform" rating in a report on Monday, May 16th. TD Securities increased their price target on CES Energy Solutions from C$4.25 to C$4.50 and gave the company a "buy" rating in a report on Friday, March 11th. Finally, National Bankshares raised their target price on CES Energy Solutions from C$2.85 to C$3.35 and gave the stock a "sector perform" rating in a 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$3.43.
In related news, Director Philip Scherman acquired 42,000 shares of CES Energy Solutions stock in a transaction on Monday, June 20th. The shares were bought at an average cost of C$2.35 per share, with a total value of C$98,700.00. Following the completion of the purchase, the director now directly owns 341,069 shares of the company's stock, valued at approximately C$801,512.15. Also, Director John Michael Hooks sold 11,403 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 1,395,154 shares in the company, valued at C$3,302,887.58.
About CES Energy Solutions (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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