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

Key Points

• CES Energy Solutions shares recently passed above their 50‑day moving average, trading as high as C$17.16 and last at C$17.09 versus a 50‑day MA of C$14.69 and a 200‑day MA of C$11.72, on roughly 1.27M shares traded.
• Analyst sentiment is mostly positive — four Buys and one Hold give a consensus "Moderate Buy" with a consensus target of C$13.92, while several firms have raised targets into the C$15–C$16.50 range (current price is above the consensus target).
• The company has a market cap of C$3.63 billion, a P/E of 21.6 and PEG of 0.61, and operates an asset‑light, cash‑generating oilfield‑chemicals business; balance‑sheet metrics include a D/E of 61.7 and current/quick ratios of 3.02/1.78.

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

Wall Street Analysts Forecast Growth

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

CES Energy Solutions Trading Up 0.8%

The company has a market cap 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. The company's 50 day moving average price is C$14.69 and its 200 day moving average price 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.

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.

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