CES Energy Solutions (OTCMKTS:CESDF) Raised to “Strong-Buy” at Raymond James

Raymond James upgraded shares of CES Energy Solutions (OTCMKTS:CESDF – Get Rating) from an outperform rating to a strong-buy rating in a research note released on Friday morning, The Fly reports.

A number of other research firms have also recently weighed in on CESDF. National Bank Financial cut shares of CES Energy Solutions from an outperform rating to a sector perform rating in a report on Friday, February 4th. Stifel Nicolaus lifted their price objective on shares of CES Energy Solutions from C$3.00 to C$3.25 in a research report on Monday, March 14th. BMO Capital Markets lifted their price objective on shares of CES Energy Solutions from C$2.50 to C$3.50 in a research report on Friday, March 11th. Canaccord Genuity Group lifted their price objective on shares of CES Energy Solutions from C$3.50 to C$4.00 and gave the company a buy rating in a research report on Friday, April 22nd. Finally, Scotiabank initiated coverage on shares of CES Energy Solutions in a research report on Thursday, April 14th. They issued an outperform rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $3.38.

Shares of CES Energy Solutions stock traded up $0.18 during trading hours on Friday, reaching $1.93. The company’s stock had a trading volume of 78,830 shares, compared to its average volume of 41,920. The company’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $1.80. CES Energy Solutions has a one year low of $1.10 and a one year high of $2.46.

The firm also recently announced a dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a $0.0125 dividend. The ex-dividend date was Wednesday, March 30th. This represents a dividend yield of 2.49%.

CES Energy Solutions Company Profile (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.

See Also