Scotiabank Has Positive Opinion of TSE:CEU FY2026 Earnings

CES Energy Solutions Corp. (TSE:CEU) – Analysts at Scotiabank upped their FY2026 earnings estimates for CES Energy Solutions in a research report issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $1.05 per share for the year, up from their prior estimate of $1.03. 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 results on Thursday, August 6th. The company reported C$0.18 earnings per share for the quarter. CES Energy Solutions had a net margin of 7.36% and a return on equity of 23.68%. The business had revenue of C$714.08 million during the quarter.

Several other analysts also recently weighed in on CEU. ATB Cormark Capital Markets downgraded CES Energy Solutions from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$21.00 to C$23.50 in a research note on Monday. National Bank Financial lifted their target price on CES Energy Solutions from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday. Raymond James Financial boosted their price target on CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Scotia increased their price target on CES Energy Solutions from C$21.00 to C$22.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th. Finally, TD increased their price target on CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a report on Tuesday, October 20th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, CES Energy Solutions presently has an average rating of “Moderate Buy” and a consensus target price of C$21.06.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$20.50 on Monday. CES Energy Solutions has a 12 month low of C$9.17 and a 12 month high of C$20.83. The company has a debt-to-equity ratio of 55.36, a current ratio of 2.70 and a quick ratio of 1.78. The firm has a market capitalization of C$4.30 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.61 and a beta of 0.94. The company’s fifty day moving average price is C$19.04 and its two-hundred day moving average price is C$17.44.

Insider Activity

In other CES Energy Solutions news, Director John Michael Hooks sold 78,700 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of C$19.10, for a total transaction of C$1,503,170.00. Following the transaction, the director directly owned 787,351 shares in the company, valued at C$15,038,404.10. This represents a 9.09% decrease in their position. Company 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.