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

CES Energy Solutions Corp. (TSE:CEU) 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 annualized dividend and a yield of 24.43%. The ex-dividend date of this dividend is Tuesday, May 21st. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03.

CES Energy Solutions Stock Up 1.9 %

CEU stock traded up C$0.12 during midday trading on Friday, hitting C$6.55. The company’s stock had a trading volume of 242,127 shares, compared to its average volume of 390,477. The firm’s 50-day moving average is C$5.23 and its 200-day moving average is C$4.24. The company has a market cap of C$1.54 billion, a PE ratio of 10.54, a P/E/G ratio of 0.61 and a beta of 2.46. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 70.47. CES Energy Solutions has a 12 month low of C$2.30 and a 12 month high of C$6.67.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The firm had revenue of C$553.46 million for the quarter, compared to analysts’ expectations of C$538.23 million. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. On average, equities research analysts forecast that CES Energy Solutions will post 0.6391403 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John Michael Hooks sold 100,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$4.76, for a total value of C$475,610.00. In related news, Director John Michael Hooks sold 100,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$4.76, for a total value of C$475,610.00. Also, insider EdgePoint Investment Group Inc. acquired 477,897 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of C$4.72 per share, with a total value of C$2,255,673.84. Insiders sold a total of 498,360 shares of company stock worth $2,417,920 over the last 90 days. Corporate insiders own 2.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CEU shares. Scotiabank upped their price objective on CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Royal Bank of Canada upped their price objective on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Stifel Nicolaus upped their price objective on CES Energy Solutions from C$7.50 to C$8.50 in a research note on Thursday. National Bankshares increased their price target on CES Energy Solutions from C$6.50 to C$7.00 in a research note on Thursday. Finally, Raymond James increased their price target on CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a “strong-buy” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$7.14.

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.