CES Energy Solutions Corp. (TSE:CEU) Plans Dividend Increase – $0.40 Per Share

CES Energy Solutions Corp. (TSE:CEU) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Wednesday, May 22nd will be paid 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 24.43%. The ex-dividend date is Tuesday, May 21st. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03.

CES Energy Solutions Stock Performance

Shares of TSE CEU traded up C$0.12 during mid-day trading on Friday, hitting C$6.55. The stock had a trading volume of 83,692 shares, compared to its average volume of 389,152. CES Energy Solutions has a twelve month low of C$2.30 and a twelve month high of C$6.67. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. The firm has a market cap of C$1.54 billion, a PE ratio of 10.54, a PEG ratio of 0.61 and a beta of 2.46. The company has a 50 day moving average of C$5.23 and a two-hundred day moving average of C$4.24.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The business had revenue of C$553.46 million for the quarter, compared to analyst estimates of C$538.23 million. Research analysts predict that CES Energy Solutions will post 0.6391403 EPS for the current fiscal year.

Analysts Set New Price Targets

CEU has been the topic of a number of research reports. ATB Capital raised their price target on shares of CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. National Bankshares increased their price objective on shares of CES Energy Solutions from C$6.50 to C$7.00 in a report on Thursday. Stifel Nicolaus increased their price objective on shares of CES Energy Solutions from C$7.50 to C$8.50 in a report on Thursday. TD Securities increased their price objective on shares of CES Energy Solutions from C$7.00 to C$9.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada increased their price objective on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CES Energy Solutions currently has a consensus rating of “Buy” and a consensus target price of C$7.14.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. In related news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of CES Energy Solutions stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$4.71, for a total transaction of C$708,060.28. Also, Senior Officer Kenneth Earl Zinger sold 45,000 shares of CES Energy Solutions stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$4.73, for a total transaction of C$212,850.00. Insiders sold 498,360 shares of company stock valued at $2,417,920 in the last 90 days. Company insiders own 2.35% of the company’s stock.

CES Energy Solutions Company Profile

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.