CES Energy Solutions (OTCMKTS:CESDF) Stock Price Crosses Above 50 Day Moving Average of $2.74

Shares of CES Energy Solutions Corp. (OTCMKTS:CESDF) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.74 and traded as high as $2.80. CES Energy Solutions shares last traded at $2.76, with a volume of 10,215 shares traded.

Wall Street Analyst Weigh In

CESDF has been the topic of several recent analyst reports. Scotiabank upped their price objective on shares of CES Energy Solutions from C$4.60 to C$4.75 in a report on Monday, August 14th. Stifel Nicolaus boosted their price objective on CES Energy Solutions from C$4.25 to C$5.00 in a report on Thursday, September 7th. TD Securities lifted their target price on CES Energy Solutions from C$4.75 to C$5.00 in a research report on Friday, August 11th. National Bank Financial increased their price target on shares of CES Energy Solutions from C$4.00 to C$4.75 in a research report on Monday, August 14th. Finally, Royal Bank of Canada raised their price objective on shares of CES Energy Solutions from C$3.75 to C$4.25 in a research note on Friday, August 11th.

CES Energy Solutions Stock Performance

The stock has a 50-day moving average price of $2.73 and a 200 day moving average price of $2.30.

CES Energy Solutions Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.0185 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a dividend yield of 2.58%. CES Energy Solutions’s payout ratio is 97.87%.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.