CES Energy Solutions (TSE:CEU) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

CES Energy Solutions Corp. (TSE:CEU)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.72 and traded as high as C$10.07. CES Energy Solutions shares last traded at C$9.92, with a volume of 554,325 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CEU shares. Scotiabank increased their target price on shares of CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th. Royal Bank Of Canada upped their price target on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, TD Securities raised their price objective on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$10.96.

CES Energy Solutions Stock Down 0.1%

The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The business’s 50 day moving average price is C$9.09 and its 200 day moving average price is C$7.72. The firm has a market cap of C$2.17 billion, a PE ratio of 12.40, a PEG ratio of 0.61 and a beta of 0.66.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.