Scotiabank Has Positive Estimate for TSE:CEU FY2027 Earnings

CES Energy Solutions Corp. (TSE:CEU) – Investment analysts at Scotiabank raised their FY2027 earnings per share estimates for shares of CES Energy Solutions in a research note issued to investors on Thursday, May 14th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $1.15 per share for the year, up from their previous estimate of $1.14. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. CES Energy Solutions had a return on equity of 26.01% and a net margin of 8.29%.The firm had revenue of C$681.51 million for the quarter.

CEU has been the subject of a number of other research reports. BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Royal Bank Of Canada boosted their price objective on CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Raymond James Financial upped their price objective on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. ATB Cormark Capital Markets boosted their target price on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, TD increased their price target 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 Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$18.64.

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$17.86 on Friday. The firm has a 50-day simple moving average of C$18.11 and a 200-day simple moving average of C$14.76. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. The stock has a market capitalization of C$3.77 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. CES Energy Solutions has a 52 week low of C$5.97 and a 52 week high of C$19.58.

Insider Activity at CES Energy Solutions

In related news, insider Kenneth Earl Zinger sold 205,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$18.41, for a total transaction of C$3,774,050.00. In the last quarter, insiders have sold 401,000 shares of company stock valued at $7,379,734. 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.