CES Energy Solutions (CEU) Sets New 52-Week Low at $0.08
CES Energy Solutions Corp (TSE:CEU) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.08 and last traded at C$2.76, with a volume of 313552 shares. The stock had previously closed at C$2.75.
Several equities research analysts have recently commented on CEU shares. Raymond James downgraded shares of CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from C$7.00 to C$5.00 in a research note on Monday, February 4th. National Bank Financial decreased their target price on shares of CES Energy Solutions from C$6.50 to C$5.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th. GMP Securities decreased their target price on shares of CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday, March 14th. Cormark decreased their target price on shares of CES Energy Solutions from C$6.50 to C$4.50 in a research report on Thursday, March 14th. Finally, Alliance Global Partners decreased their target price on shares of CES Energy Solutions from C$7.00 to C$5.00 in a research report on Thursday, March 14th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$5.83.
The stock has a market cap of $736.51 million and a PE ratio of 16.29. The company has a current ratio of 3.91, a quick ratio of 2.16 and a debt-to-equity ratio of 70.06.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.06 dividend on an annualized basis and a yield of 2.17%. CES Energy Solutions’s dividend payout ratio is presently 27.94%.
In other news, Senior Officer Kenneth Earl Zinger acquired 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average price of C$2.89 per share, with a total value of C$28,900.00. Following the completion of the acquisition, the insider now owns 1,328,872 shares of the company’s stock, valued at C$3,840,440.08. Also, Director Thomas James Simons acquired 8,900 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was purchased at an average cost of C$2.89 per share, with a total value of C$25,704.98. Following the acquisition, the director now directly owns 2,322,742 shares of the company’s stock, valued at approximately C$6,708,543.44.
TRADEMARK VIOLATION WARNING: This piece was posted by Marea Informative and is the sole property of of Marea Informative. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.mareainformativa.com/news/2019/04/24/ces-energy-solutions-ceu-sets-new-52-week-low-at-0-08.html.
About CES Energy Solutions (TSE:CEU)
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides 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.
Recommended Story: Trading Strategy Examples and Plans
Receive News & Ratings for CES Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CES Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.