Home Energy company CES Energy Solutions Corp. (TSE:CEU) Announces Quarterly Dividend of $0.02

CES Energy Solutions Corp. (TSE:CEU) Announces Quarterly Dividend of $0.02

CES Energy Solutions Corp.  (TSE:CEU) Announces Quarterly Dividend of $0.02

CES Energy Solutions Corp. (TSE:CEU – Get Rating) announced a quarterly dividend on Thursday, September 15, Zacks reports. Shareholders of record on Friday, September 30 will receive a dividend of 0.016 per share on Friday, October 14. This represents a dividend of $0.06 on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Wednesday, September 28.

CES Energy Solutions shares fall 5.2%

Shares of TSE:CEU opened at C$2.39 on Friday. The stock has a market capitalization of C$612.50 million and a P/E ratio of 8.85. CES Energy Solutions has a 1-year low of CA$1.36 and a 1-year high of CA$3.11. The stock has a 50-day simple moving average of C$2.50 and a 200-day simple moving average of C$2.53. The company has a debt ratio of 98.89, a quick ratio of 1.68 and a current ratio of 3.35.

Insider Activity at CES Energy Solutions

In other news, director Philip Scherman bought 42,000 shares of the company in a deal that took place on Monday, June 20. The shares were acquired at an average cost of CA$2.35 per share, with a total value of CA$98,700.00. As a result of the transaction, the administrator now owns 341,069 shares of the company, valued at approximately C$801,512.15. Over the past ninety days, insiders have purchased 62,972 shares of the company valued at $152,988.

A Wall Street analyst gives his opinion

A number of stock analysts have weighed in on the company. ATB Capital raised its price target on CES Energy Solutions from C$4.25 to C$5.25 in a Friday, August 12 report. Stifel Nicolaus raised his price target on CES Energy Solutions from C$3.75 to C$4.50 in a Friday, August 12 report. National Bank Financial upgraded CES Energy Solutions from a “sector performance overweight” rating to an “outperformance overweight” rating in a report released Monday, July 4. National Bankshares raised its price target on CES Energy Solutions from C$3.50 to C$3.70 and gave the stock an “outperform” rating in a Monday, August 15 report. Finally, BMO Capital Markets raised its target price on CES Energy Solutions from C$3.50 to C$4.00 in a Friday, August 12 research note. Six equity research analysts gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average “buy” rating and an average target price of C$4.28.

CES Energy Solutions Company Profile

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CES Energy Solutions Corp., together with its subsidiaries, designs, implements and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill bits, completion and stimulation points, wellheads and pumping jacks, and pipelines and intermediates markets. The Company’s solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides and other specialty products.

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Dividend history for CES Energy Solutions (TSE: CEU)

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