CES Energy Solutions (OTCMKTS:CESDF) Shares Cross Above 50-Day Moving Average – Here’s Why

CES Energy Solutions Corp. (OTCMKTS:CESDF)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.82 and traded as high as $12.25. CES Energy Solutions shares last traded at $12.00, with a volume of 13,745 shares changing hands.

Analysts Set New Price Targets

CESDF has been the topic of several research reports. TD Securities lowered CES Energy Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Scotiabank reaffirmed an “outperform” rating on shares of CES Energy Solutions in a report on Thursday, January 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of CES Energy Solutions in a research note on Monday, November 17th. Finally, National Bank Financial restated an “outperform” rating on shares of CES Energy Solutions in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

CES Energy Solutions Stock Performance

The stock’s fifty day moving average is $9.82 and its two-hundred day moving average is $7.81.

About CES Energy Solutions

CES Energy Solutions Corp. is a North American provider of specialty chemical solutions and services to the oil and gas industry. The company develops, manufactures and markets a comprehensive range of products used in drilling, completion, production and environmental applications. These offerings include drilling and completion fluids, production chemicals, proppants and solids control equipment, all designed to optimize well performance and minimize environmental impact.

Headquartered in Calgary, Alberta, CES Energy Solutions operates a network of manufacturing, blending and distribution facilities across Canada and the United States.