CES Energy Solutions Corp. (OTCMKTS:CESDF – Get Rating) was the target of a significant drop in short interest in August. As of August 15th, there was short interest totalling 1,309,100 shares, a drop of 14.2% from the July 31st total of 1,526,600 shares. Based on an average trading volume of 26,100 shares, the short-interest ratio is presently 50.2 days.
CES Energy Solutions Stock Performance
Shares of OTCMKTS:CESDF traded down $0.04 during trading on Tuesday, reaching $2.02. The stock had a trading volume of 49,150 shares, compared to its average volume of 43,171. The business has a fifty day moving average price of $1.91 and a 200-day moving average price of $1.98. CES Energy Solutions has a fifty-two week low of $1.10 and a fifty-two week high of $2.48.
Get CES Energy Solutions alerts:CES Energy Solutions Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.0124 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a dividend yield of 2.73%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Scotiabank boosted their price objective on CES Energy Solutions from C$3.60 to C$3.90 in a research note on Monday, August 15th. TD Securities boosted their price objective on CES Energy Solutions from C$5.00 to C$5.50 in a research note on Friday, August 12th. Canaccord Genuity Group reduced their price objective on CES Energy Solutions from C$4.25 to C$3.75 in a research note on Friday, August 19th. Stifel Nicolaus boosted their price objective on CES Energy Solutions from C$3.75 to C$4.50 in a research note on Friday, August 12th. Finally, Royal Bank of Canada boosted their price objective on CES Energy Solutions from C$3.50 to C$4.00 in a research note on Friday, August 12th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CES Energy Solutions presently has a consensus rating of "Buy" and a consensus price target of $3.93.About CES Energy Solutions
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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.
Further Reading
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