CES Energy Solutions (OTCMKTS:CESDF) Stock Price Passes Below Fifty Day Moving Average – What’s Next?
by Renee Jackson · The Cerbat GemCES Energy Solutions Corp. (OTCMKTS:CESDF – Get Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.30 and traded as low as $12.70. CES Energy Solutions shares last traded at $12.70, with a volume of 3,002 shares.
Analysts Set New Price Targets
Several brokerages have issued reports on CESDF. TD Securities reaffirmed a “hold” rating on shares of CES Energy Solutions in a research note on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CES Energy Solutions in a research note on Monday, May 11th. National Bank Financial cut shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of CES Energy Solutions in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on CES Energy Solutions
CES Energy Solutions Price Performance
The firm’s fifty day moving average is $13.26 and its 200-day moving average is $11.19.
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.