Scotiabank Lifts Earnings Estimates for CES Energy Solutions

CES Energy Solutions Corp. (TSE:CEU) – Stock analysts at Scotiabank lifted their FY2025 earnings per share (EPS) estimates for shares of CES Energy Solutions in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $0.92 per share for the year, up from their previous forecast of $0.88. 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 Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The business had revenue of C$606.52 million for the quarter, compared to analyst estimates of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%.

A number of other research firms have also recently weighed in on CEU. ATB Capital boosted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. National Bankshares raised their target price on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Atb Cap Markets lowered CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Finally, Raymond James lifted their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CES Energy Solutions has an average rating of “Moderate Buy” and a consensus target price of C$10.59.

CES Energy Solutions Stock Performance

CES Energy Solutions stock opened at C$9.78 on Friday. The stock has a market cap of C$2.29 billion, a PE ratio of 12.54, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. CES Energy Solutions has a 12-month low of C$3.43 and a 12-month high of C$10.20. The business’s 50-day moving average price is C$9.40 and its two-hundred day moving average price is C$8.27.

Insider Buying and Selling

In related news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$9.13, for a total value of C$498,215.55. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total value of C$547,890.00. In the last three months, insiders have sold 173,957 shares of company stock valued at $1,619,329. 3.03% of the stock is owned by company insiders.

CES Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s payout ratio is 15.38%.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.