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

CES Energy Solutions Corp. (TSE:CEU) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.0425 per share on Tuesday, April 15th. This represents a $0.17 annualized dividend and a 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 %

CEU stock traded up C$0.06 during midday trading on Friday, hitting C$7.55. The company’s stock had a trading volume of 948,291 shares, compared to its average volume of 649,454. CES Energy Solutions has a 52-week low of C$4.67 and a 52-week high of C$10.20. The firm has a 50-day simple moving average of C$8.14 and a 200-day simple moving average of C$8.51. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The firm has a market capitalization of C$1.69 billion, a P/E ratio of 8.81, a PEG ratio of 0.61 and a beta of 2.31.

Insider Buying and Selling

In other news, Director Stella Cosby sold 4,304 shares of the company’s stock in a transaction on 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 firm’s stock in a transaction dated Monday, March 17th. The shares were 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 over the last quarter. Company insiders own 3.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CEU shares. National Bankshares boosted their price objective on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. 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. Finally, Atb Cap Markets raised shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.