CES Energy Solutions Corp. (OTCMKTS:CESDF) Given Average Recommendation of “Buy” by Brokerages

CES Energy Solutions Corp. (OTCMKTS:CESDFGet Rating) has received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $4.02.

CESDF has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on CES Energy Solutions from C$3.75 to C$4.50 in a research report on Friday, August 12th. TD Securities boosted their target price on CES Energy Solutions from C$5.00 to C$5.50 in a research report on Friday, August 12th. Scotiabank boosted their target price on CES Energy Solutions from C$3.60 to C$3.90 in a research report on Monday, August 15th. Canaccord Genuity Group lowered their price objective on CES Energy Solutions from C$4.25 to C$3.75 in a research report on Friday, August 19th. Finally, National Bank Financial boosted their price objective on CES Energy Solutions from C$3.50 to C$3.70 in a research report on Monday, August 15th.

CES Energy Solutions Stock Performance

OTCMKTS:CESDF opened at $1.80 on Monday. The business has a 50 day moving average of $1.93 and a 200 day moving average of $1.96. CES Energy Solutions has a 1-year low of $1.10 and a 1-year high of $2.48.

CES Energy Solutions Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.0124 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a dividend yield of 2.73%.

About CES Energy Solutions

(Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

Further Reading

Analyst Recommendations for CES Energy Solutions (OTCMKTS:CESDF)

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