CES Energy Solutions (OTCMKTS:CESDF) Given New C$4.50 Price Target at Stifel Nicolaus

CES Energy Solutions (OTCMKTS:CESDF – Get Rating) had its target price raised by Stifel Nicolaus from C$4.00 to C$4.50 in a report published on Monday morning, The Fly reports.

A number of other analysts also recently issued reports on CESDF. Scotiabank lifted their price objective on shares of CES Energy Solutions from C$4.35 to C$4.60 in a report on Monday. Royal Bank of Canada lifted their price objective on shares of CES Energy Solutions from C$3.50 to C$4.00 in a report on Monday, November 14th. Finally, BMO Capital Markets lowered their price target on shares of CES Energy Solutions from C$4.50 to C$4.00 in a research note on Friday.

CES Energy Solutions Price Performance

Shares of OTCMKTS:CESDF opened at $2.11 on Monday. The firm has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $2.01. CES Energy Solutions has a one year low of $1.53 and a one year high of $2.48.

CES Energy Solutions Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a $0.015 dividend. This is a boost from CES Energy Solutions’s previous dividend of $0.01. The ex-dividend date of this dividend was Thursday, December 29th. This represents a dividend yield of 3.04%. CES Energy Solutions’s payout ratio is presently 97.87%.

CES Energy Solutions Company Profile

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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.