CES Energy Solutions (OTCMKTS:CESDF) Stock Price Passes Above 50-Day Moving Average of $2.07

CES Energy Solutions Corp. (OTCMKTS:CESDF – Get Rating) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.07 and traded as high as $2.08. CES Energy Solutions shares last traded at $2.08, with a volume of 2,747 shares.

Wall Street Analyst Weigh In

CESDF has been the topic of several analyst reports. Scotiabank upped 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. National Bank Financial increased their price objective on shares of CES Energy Solutions from C$3.70 to C$3.85 in a research report on Thursday, October 27th. BMO Capital Markets increased their price objective on shares of CES Energy Solutions from C$4.00 to C$4.50 in a research report on Friday, November 11th. Finally, Royal Bank of Canada increased their price objective on shares of CES Energy Solutions from C$3.50 to C$4.00 in a research report on Monday, November 14th.

CES Energy Solutions Price Performance

The stock’s 50 day moving average price is $2.07 and its 200-day moving average price is $1.96.

CES Energy Solutions Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a dividend of $0.015 per share. This represents a yield of 3.04%. This is a boost from CES Energy Solutions’s previous dividend of $0.01. The ex-dividend date was Thursday, December 29th.

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.