What is Scotiabank’s Forecast for TSE:CEU FY2027 Earnings?

CES Energy Solutions Corp. (TSE:CEU) – Stock analysts at Scotiabank raised their FY2027 EPS estimates for CES Energy Solutions in a research note issued on Thursday, May 14th. Scotiabank analyst J. Goldman now forecasts that the company will earn $1.15 per share for the year, up from their prior forecast 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 announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. The firm had revenue of C$681.51 million during the quarter.

Several other brokerages also recently weighed in on CEU. TD Securities downgraded CES Energy Solutions from a “buy” rating to a “hold” rating and upped their price target for the stock from C$12.00 to C$16.00 in a report on Monday, January 26th. National Bank Financial lowered shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price on the stock. in a research note on Wednesday. TD boosted their price target on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Raymond James Financial increased their price objective on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, CES Energy Solutions presently has a consensus rating of “Hold” and an average price target of C$18.64.

CES Energy Solutions Stock Performance

TSE:CEU opened at C$17.86 on Friday. CES Energy Solutions has a 52 week low of C$5.97 and a 52 week high of C$19.58. The company has a fifty day simple moving average of C$18.11 and a two-hundred 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 company has a market cap 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.

Insiders Place Their Bets

In other CES Energy Solutions news, insider Kenneth Earl Zinger sold 46,100 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$18.35, for a total value of C$845,935.00. Following the completion of the transaction, the insider owned 1,821,757 shares in the company, valued at C$33,429,240.95. This represents a 2.47% decrease in their ownership of the stock. Insiders have sold 401,000 shares of company stock valued at $7,379,734 over the last three months. 3.03% of the stock is owned by 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.