CES Energy Solutions Corp. (TSE:CEU) Increases Dividend to $0.04 Per Share

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

CES Energy Solutions Stock Up 0.8 %

Shares of CES Energy Solutions stock traded up C$0.06 during midday trading on Friday, hitting C$7.55. The company had a trading volume of 948,291 shares, compared to its average volume of 649,454. The company has a 50 day moving average of C$8.14 and a 200 day moving average of C$8.51. The stock has a market capitalization of C$1.69 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 52-week low of C$4.67 and a 52-week 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.

Insider Activity

In other news, Director Stella Cosby sold 4,304 shares of the company’s stock in a transaction dated 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 stock in a transaction that occurred 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 have sold 109,656 shares of company stock valued at $956,500 in the last ninety days. 3.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. ATB Capital raised shares of 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 price target on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research 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 analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price 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.