Scotiabank Has Positive Outlook of TSE:CEU FY2026 Earnings

CES Energy Solutions Corp. (TSE:CEU) – Research analysts at Scotiabank upped their FY2026 earnings per share estimates for CES Energy Solutions in a research report issued to clients and investors on Wednesday, July 29th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $1.08 for the year, up from their previous forecast of $1.06. 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 $1.14 EPS.

CEU has been the subject of a number of other reports. TD reduced their price objective on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating for the company in a research note on Monday, July 13th. National Bank Financial downgraded shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price for the company. in a report on Wednesday, May 13th. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$21.00 to C$22.00 in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada increased their price target 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. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CES Energy Solutions presently has an average rating of “Moderate Buy” and an average target price of C$18.94.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$16.24 on Friday. The company has a debt-to-equity ratio of 55.71, a current ratio of 2.75 and a quick ratio of 1.78. CES Energy Solutions has a 1-year low of C$7.04 and a 1-year high of C$19.58. The company has a market capitalization of C$3.42 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.61 and a beta of 0.51. The firm’s 50 day simple moving average is C$16.75 and its two-hundred day simple moving average is C$16.86.

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

Insiders Place Their Bets

In related news, insider Kenneth Earl Zinger acquired 10,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of C$15.00 per share, with a total value of C$150,000.00. Following the acquisition, the insider directly owned 1,682,857 shares in the company, valued at C$25,242,855. This represents a 0.60% increase in their position. Also, Director John Michael Hooks sold 133,800 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total transaction of C$2,531,496.00. Following the sale, the director directly owned 902,565 shares of the company’s stock, valued at approximately C$17,076,529.80. This trade represents a 12.91% decrease in their ownership of the stock. Insiders sold a total of 205,683 shares of company stock worth $3,684,499 over the last ninety days. 3.03% of the stock is owned by company insiders.

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.