CES Energy Solutions (OTCMKTS:CESDF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

CES Energy Solutions Corp. (OTCMKTS:CESDF)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.93 and traded as high as $13.79. CES Energy Solutions shares last traded at $13.79, with a volume of 27,748 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CESDF shares. TD Securities lowered CES Energy Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Scotiabank reissued an “outperform” rating on shares of CES Energy Solutions in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

CES Energy Solutions Price Performance

The company’s 50 day simple moving average is $11.93 and its 200 day simple moving average is $9.16.

CES Energy Solutions Company Profile

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.