CES Energy Solutions Corp. (TSE:CEU) Announces Quarterly Dividend of $0.03

CES Energy Solutions Corp. (TSE:CEU) declared a quarterly dividend on Friday, September 27th, Zacks reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, September 27th.

CES Energy Solutions Stock Down 1.9 %

CEU stock opened at C$7.70 on Thursday. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.61 and a beta of 2.33. The firm has a 50-day moving average of C$7.71 and a two-hundred day moving average of C$6.76. CES Energy Solutions has a 12 month low of C$3.28 and a 12 month high of C$8.35. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.05). CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The company had revenue of C$553.20 million during the quarter, compared to analyst estimates of C$544.70 million. As a group, analysts forecast that CES Energy Solutions will post 0.8780774 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. ATB Capital raised their price objective on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. TD Securities raised their price target on shares of CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. Scotiabank increased their price objective on CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Raymond James raised their target price on CES Energy Solutions from C$8.50 to C$10.50 and gave the stock a “strong-buy” rating in a research note on Monday, August 12th. Finally, National Bankshares upped their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$9.81.

Insiders Place Their Bets

In other news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total value of C$411,527.85. In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 26,146 shares of CES Energy Solutions stock in a transaction dated Monday, July 8th. The stock was sold at an average price of C$7.54, for a total value of C$197,140.84. Also, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the company’s stock in a transaction on Thursday, July 4th. The stock was sold at an average price of C$7.55, for a total value of C$411,527.85. In the last ninety days, insiders have sold 82,355 shares of company stock worth $621,434. Corporate insiders own 3.13% of the company’s stock.

About CES Energy Solutions

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.