Scotiabank Lifts Earnings Estimates for CES Energy Solutions

CES Energy Solutions Corp. (TSE:CEU) – Scotiabank lifted their FY2027 earnings estimates for CES Energy Solutions in a research report issued on Thursday, March 12th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $1.13 per share 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.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Tuesday, March 10th. The company reported C$0.53 EPS for the quarter. CES Energy Solutions had a return on equity of 25.37% and a net margin of 8.21%.

A number of other analysts also recently weighed in on the stock. ATB Cormark Capital Markets raised their price target on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday, January 26th. BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. TD Securities downgraded shares of CES Energy Solutions from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$12.00 to C$16.00 in a research report on Monday, January 26th. Raymond James Financial upped their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday. Finally, National Bank Financial increased their price target on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, CES Energy Solutions has a consensus rating of “Moderate Buy” and a consensus target price of C$14.93.

CES Energy Solutions Trading Down 0.3%

TSE:CEU opened at C$18.27 on Friday. The business’s 50-day simple moving average is C$15.16 and its 200 day simple moving average is C$11.95. CES Energy Solutions has a one year low of C$5.59 and a one year high of C$18.99. The stock has a market cap of C$3.89 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00. The company has a debt-to-equity ratio of 60.08, a quick ratio of 1.78 and a current ratio of 2.86.

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.