CES Energy Solutions (OTCMKTS:CESDF) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

CES Energy Solutions Corp. (OTCMKTS:CESDF) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.23 and traded as high as $10.93. CES Energy Solutions shares last traded at $10.47, with a volume of 1,817 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CESDF. TD Securities lowered CES Energy Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Scotiabank reiterated an “outperform” rating on shares of CES Energy Solutions in a research report on Thursday. National Bankshares reaffirmed 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 report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

CES Energy Solutions Stock Performance

The firm’s 50 day simple moving average is $9.23 and its 200 day simple moving average is $7.30.

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.