CES Energy Solutions (TSE:CEU) Stock Passes Above 50 Day Moving Average – Should You Sell?

CES Energy Solutions Corp. (TSE:CEU) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$14.69 and traded as high as C$17.16. CES Energy Solutions shares last traded at C$17.09, with a volume of 1,272,197 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on CEU. National Bank Financial upped their price target on CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. Scotiabank raised their price objective on CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th. Raymond James Financial lowered CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. ATB Cormark Capital Markets upped their target price on CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, TD Securities downgraded CES Energy Solutions from a “buy” rating to a “hold” rating and increased their price target for the company from C$12.00 to C$16.00 in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, CES Energy Solutions has a consensus rating of “Moderate Buy” and an average target price of C$13.92.

CES Energy Solutions Stock Up 0.8%

The firm’s 50-day simple moving average is C$14.69 and its 200-day simple moving average is C$11.72. The company has a debt-to-equity ratio of 61.70, a quick ratio of 1.78 and a current ratio of 3.02. The company has a market capitalization of C$3.63 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00.

CES Energy Solutions Company Profile

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES’ business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.