Scotiabank Lifts Earnings Estimates for CES Energy Solutions

CES Energy Solutions Corp. (TSE:CEU) – Analysts at Scotiabank boosted their FY2027 earnings per share estimates for CES Energy Solutions in a research report issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now expects that the company will post earnings of $1.26 per share for the year, up from their previous forecast of $1.24. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share.

Several other research firms have also recently weighed in on CEU. TD raised their target price on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Tuesday. Scotia increased their target price on CES Energy Solutions from C$21.00 to C$22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 10th. Raymond James Financial raised their target price on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price target on the stock in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$19.83.

CES Energy Solutions Trading Down 3.8%

CEU stock opened at C$19.76 on Friday. The company has a debt-to-equity ratio of 55.36, a current ratio of 2.70 and a quick ratio of 1.78. CES Energy Solutions has a 1-year low of C$9.17 and a 1-year high of C$20.83. The business has a 50 day simple moving average of C$18.97 and a two-hundred day simple moving average of C$17.93. The company has a market capitalization of C$4.14 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.61 and a beta of 0.94.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.18 earnings per share for the quarter. CES Energy Solutions had a return on equity of 23.68% and a net margin of 7.36%. The firm had revenue of C$714.08 million during the quarter.

Insider Activity

In other news, Director John Michael Hooks sold 78,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of C$19.10, for a total value of C$1,503,170.00. Following the completion of the transaction, the director owned 787,351 shares of the company’s stock, valued at approximately C$15,038,404.10. This trade represents a 9.09% decrease in their ownership of the stock. Corporate insiders own 3.03% of the company’s stock.

About CES Energy Solutions

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.