Energy companies CES Energy Solutions and Surge Energy hit 52-week highs

CES Energy Solutions Corp. and Surge Energy Inc. have both reached new 52-week highs in recent trading sessions.

CES Energy Solutions saw its share price reach as high as C$19.64. Several financial institutions have issued positive outlooks for the company, including BMO Capital Markets, which upgraded the stock to an ‘outperform’ rating with a C$22.00 price target. Other analysts from National Bank Financial, Scotiabank, Royal Bank of Canada, and Raymond James Financial have also raised their price targets, with Raymond James setting a target of C$25.00.

Surge Energy Inc. reached a 52-week high of C$10.72. The company has received multiple upward revisions from analysts; National Bank Financial, Raymond James Financial, Canaccord Genuity Group, Acumen Capital, and ATB Cormark Capital Markets have all raised their price objectives, with consensus targets averaging around C$13.25. Surge Energy reported earnings of C$0.68 per share in its most recent quarterly results.