CES Energy Solutions (OTCMKTS:CESDF) Shares Cross Above 50 Day Moving Average of $1.95

Shares of CES Energy Solutions Corp. (OTCMKTS:CESDFGet Rating) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.95 and traded as high as $2.19. CES Energy Solutions shares last traded at $2.19, with a volume of 1,256 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of CES Energy Solutions from C$3.50 to C$4.00 in a research note on Monday, November 14th. Canaccord Genuity Group dropped their price objective on shares of CES Energy Solutions from C$4.25 to C$3.75 in a report on Friday, August 19th. Stifel Nicolaus lifted their target price on shares of CES Energy Solutions from C$3.75 to C$4.50 in a research report on Friday, August 12th. Scotiabank lifted their target price on shares of CES Energy Solutions from C$3.90 to C$4.35 in a research note on Monday, November 14th. Finally, National Bank Financial boosted their price objective on shares of CES Energy Solutions from C$3.70 to C$3.85 in a research note on Thursday, October 27th.

CES Energy Solutions Price Performance

The stock’s 50 day moving average price is $1.95 and its 200-day moving average price is $1.95.

CES Energy Solutions Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a dividend of $0.012 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a dividend yield of 2.71%.

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.

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