CES Energy Solutions (OTCMKTS:CESDF) Coverage Initiated by Analysts at Scotiabank

Scotiabank started coverage on shares of CES Energy Solutions (OTCMKTS:CESDF – Get Rating) in a research note released on Thursday, The Fly reports. The brokerage issued an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of CES Energy Solutions from C$3.00 to C$3.25 in a report on Monday, March 14th. BMO Capital Markets increased their price target on shares of CES Energy Solutions from C$2.50 to C$3.50 in a report on Friday, March 11th. Raymond James cut shares of CES Energy Solutions from a strong-buy rating to an outperform rating in a research report on Monday, March 14th. Finally, National Bank Financial cut shares of CES Energy Solutions from an outperform rating to a sector perform rating in a research report on Friday, February 4th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, CES Energy Solutions currently has a consensus rating of Buy and an average price target of $3.18.

OTCMKTS CESDF opened at $2.01 on Thursday. CES Energy Solutions has a 52 week low of $1.10 and a 52 week high of $2.26. The firm’s 50-day simple moving average is $1.96 and its two-hundred day simple moving average is $1.74.

The business also recently disclosed a dividend, which will be paid on Friday, April 15th. Stockholders of record on Thursday, March 31st will be paid a dividend of $0.0125 per share. This represents a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, March 30th.

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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