CES Energy Solutions (OTCMKTS:CESDF) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

CES Energy Solutions Corp. (OTCMKTS:CESDF) shares passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $13.21 and traded as low as $12.54. CES Energy Solutions shares last traded at $12.54, with a volume of 161,538 shares.

Analysts Set New Price Targets

CESDF has been the topic of several recent research reports. Scotiabank reiterated an “outperform” rating on shares of CES Energy Solutions in a research report on Monday, August 10th. BMO Capital Markets restated an “outperform” rating on shares of CES Energy Solutions in a research report 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

CES Energy Solutions Trading Down 2.6%

The firm’s fifty day simple moving average is $13.21 and its 200 day simple moving average is $12.83.

About CES Energy Solutions

CES Energy Solutions Corp. (OTCMKTS: CESDF) is a Canada-based provider of chemical solutions and services for the oil and gas industry. The company develops, manufactures and supplies specialized products used across the drilling, completion and production phases of petroleum operations.

Its offerings include drilling-fluid and completion-fluid chemicals, production chemicals, water-treatment products and related technical services. These solutions are designed to support well construction, improve production performance, manage water and help customers address operational and environmental challenges in oil and gas fields.

CES Energy Solutions serves energy producers and oilfield service companies primarily in Canada and the United States, with operations spanning major North American producing regions.