Shares of CES Energy Solutions Corp. (TSE:CEU) traded up 4.3% during trading on Wednesday . The company traded as high as C$5.88 and last traded at C$5.61. 680,504 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 492,235 shares. The stock had previously closed at C$5.86.
CEU has been the topic of several research analyst reports. Canaccord Genuity boosted their price objective on CES Energy Solutions from C$7.50 to C$8.00 in a research report on Monday, August 14th. Raymond James Financial reaffirmed a “strong-buy” rating and set a C$8.50 price target on shares of CES Energy Solutions in a research report on Wednesday, August 30th. Finally, GMP Securities increased their price target on CES Energy Solutions from C$9.00 to C$9.50 in a research report on Monday, November 13th.
The company also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 15th were issued a dividend of $0.0025 per share. This represents a $0.03 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, October 30th. CES Energy Solutions’s payout ratio is 30.00%.
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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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