CES Energy Solutions (CEU) Trading Down 0.7%
CES Energy Solutions Corp (TSE:CEU) fell 0.7% during trading on Tuesday . The company traded as low as C$6.58 and last traded at C$6.75. 1,480,070 shares were traded during mid-day trading, an increase of 110% from the average session volume of 705,231 shares. The stock had previously closed at C$6.80.
Separately, GMP Securities boosted their target price on CES Energy Solutions from C$8.00 to C$9.00 in a research report on Wednesday, October 18th.
The company has a market capitalization of $1,680.00, a PE ratio of 62.90 and a beta of 1.18.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 15th will be given a $0.0025 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.48%. CES Energy Solutions’s dividend payout ratio is currently 30.00%.
In other CES Energy Solutions news, Director Burton Joel Ahrens sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of C$6.19, for a total transaction of C$30,950.00. Also, insider Kenneth Earl Zinger sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of C$5.87, for a total value of C$58,700.00. Over the last 90 days, insiders have sold 26,229 shares of company stock worth $155,962.
About CES Energy Solutions
CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.
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