CES Energy Solutions (OTCMKTS:CESDF) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of CES Energy Solutions Corp. (OTCMKTS:CESDF) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.96 and traded as high as $10.5255. CES Energy Solutions shares last traded at $10.40, with a volume of 3,167 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Securities restated a “buy” rating on shares of CES Energy Solutions in a research note on Friday, November 14th. Scotiabank reissued an “outperform” rating on shares of CES Energy Solutions in a report on Monday, November 17th. National Bankshares restated an “outperform” rating on shares of CES Energy Solutions in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of CES Energy Solutions in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

CES Energy Solutions Stock Down 0.3%

The business’s 50 day moving average is $9.00 and its two-hundred day moving average is $7.13.

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.