CES Energy Solutions (OTCMKTS:CESDF) Stock Price Passes Above Fifty Day Moving Average of $1.28

CES Energy Solutions Corp. (OTCMKTS:CESDF)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.28 and traded as high as $1.69. CES Energy Solutions shares last traded at $1.69, with a volume of 101,071 shares changing hands.

CESDF has been the topic of several research analyst reports. TD Securities lifted their target price on CES Energy Solutions from C$3.75 to C$4.00 and gave the company a “buy” rating in a research note on Friday, August 13th. Canaccord Genuity cut their target price on CES Energy Solutions from C$3.25 to C$2.75 and set a “buy” rating for the company in a research note on Tuesday, August 24th. Finally, BMO Capital Markets upped their price target on CES Energy Solutions from C$2.50 to C$2.75 and gave the company an “outperform” rating in a research report on Friday, August 13th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $2.88.

The stock has a 50-day moving average price of $1.29 and a 200 day moving average price of $1.36.

The business also recently declared a dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be paid a $0.1533 dividend. The ex-dividend date is Wednesday, September 29th. This represents a yield of 13.69%.

About CES Energy Solutions (OTCMKTS:CESDF)

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. It provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

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