CES Energy Solutions (OTCMKTS:CESDF) Shares Cross Below Fifty Day Moving Average of $1.92

CES Energy Solutions Corp. (OTCMKTS:CESDFGet Rating)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.92 and traded as low as $1.82. CES Energy Solutions shares last traded at $1.96, with a volume of 3,437 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CESDF shares. Raymond James raised CES Energy Solutions from an “outperform” rating to a “strong-buy” rating in a research report on Friday, May 13th. TD Securities boosted their price target on CES Energy Solutions from C$4.75 to C$5.00 in a research report on Friday, May 13th. Canaccord Genuity Group boosted their price target on CES Energy Solutions from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research report on Friday, April 22nd. Royal Bank of Canada boosted their price target on CES Energy Solutions from C$2.75 to C$3.25 in a research report on Monday, May 16th. Finally, National Bank Financial raised CES Energy Solutions from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 4th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $3.43.

CES Energy Solutions Stock Up 7.4 %

The company has a 50 day moving average of $1.92 and a 200-day moving average of $1.94.

CES Energy Solutions Cuts Dividend

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

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.

Further Reading

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