CES Energy Solutions (OTCMKTS:CESDF) Stock Breaks Above Fifty Day Moving Average – What’s Next?

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 $13.72 and traded as high as $13.95. CES Energy Solutions shares last traded at $13.95, with a volume of 194,023 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CESDF shares. Scotiabank reissued an “outperform” rating on shares of CES Energy Solutions in a research report on Thursday, October 15th. BMO Capital Markets reissued an “outperform” rating on shares of CES Energy Solutions in a research note on Friday, August 7th. Finally, National Bank Financial upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

CES Energy Solutions Price Performance

The business’s 50-day simple moving average is $13.72 and its 200-day simple moving average is $12.81.

About CES Energy Solutions

CES Energy Solutions Corp. is an oilfield chemical company headquartered in Calgary, Alberta. The company develops, manufactures and supplies specialized chemical products and related technical services for the oil and natural gas industry. Its product offerings support multiple stages of the energy production process, including drilling, well cementing, hydraulic fracturing, completion, production and pipeline operations. CES Energy Solutions also provides chemicals used in water treatment, flow assurance, corrosion control, scale prevention and other applications intended to improve operating efficiency and protect energy infrastructure.