Scotiabank Forecasts Lower Earnings for CES Energy Solutions

CES Energy Solutions Corp. (TSE:CEU) – Equities researchers at Scotiabank cut their FY2026 EPS estimates for CES Energy Solutions in a research report issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $1.03 for the year, down from their previous forecast of $1.08. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share. Scotiabank also issued estimates for CES Energy Solutions’ FY2027 earnings at $1.24 EPS.

A number of other brokerages have also issued reports on CEU. BMO Capital Markets raised CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. TD cut their price objective on CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Scotia increased their target price on CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 10th. Raymond James Financial lifted their target price on CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, National Bank Financial raised shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 target price for the company in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.72.

CES Energy Solutions Trading Down 1.8%

CEU opened at C$18.35 on Monday. The company has a debt-to-equity ratio of 55.36, a quick ratio of 1.78 and a current ratio of 2.70. The stock’s 50 day moving average price is C$17.05 and its 200-day moving average price is C$17.40. CES Energy Solutions has a one year low of C$8.14 and a one year high of C$19.64. The stock has a market cap of C$3.85 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 0.61 and a beta of 0.50.

Insider Activity

In related news, insider Mihir Patel sold 12,184 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total value of C$195,431.36. Following the transaction, the insider owned 16,571 shares of the company’s stock, valued at C$265,798.84. This represents a 42.37% decrease in their ownership of the stock. Also, insider Kenneth Earl Zinger acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of C$15.00 per share, for a total transaction of C$150,000.00. Following the purchase, the insider owned 1,682,857 shares of the company’s stock, valued at C$25,242,855. This represents a 0.60% increase in their ownership of the stock. In the last ninety days, insiders have sold 71,883 shares of company stock valued at $1,153,003. Insiders own 3.03% of the company’s stock.

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.