Scotiabank Cuts Earnings Estimates for CES Energy Solutions

Key Points

• Scotiabank lowered CES Energy Solutions’ FY2026 EPS estimate to C$1.03 from C$1.08, while forecasting FY2027 EPS of C$1.24. The revised FY2026 estimate remains above the consensus forecast of C$0.86.
• Analyst sentiment is broadly positive: six analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and an average price target of C$19.72.
• CES Energy Solutions shares opened at C$19.15, near their 52-week high of C$19.64, while recent insider activity included a 10,000-share purchase and 71,883 shares sold by insiders over the past 90 days.

CES Energy Solutions Corp. (TSE:CEU - Free Report) - Stock analysts at Scotiabank cut their FY2026 earnings per share estimates for CES Energy Solutions in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will earn $1.03 per share for the year, down from their previous estimate of $1.08. 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 $1.24 EPS.

A number of other research analysts have also weighed in on CEU. National Bank Financial raised shares of CES Energy Solutions from a "hold" rating to an "outperform" rating and set a C$20.00 price target on the stock in a research report on Friday, August 7th. Raymond James Financial increased their price objective on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. TD cut their target price on CES Energy Solutions from C$19.00 to C$18.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. BMO Capital Markets raised CES Energy Solutions from a "market perform" rating to an "outperform" rating and upped their target price for the company from C$21.00 to C$22.00 in a report on Wednesday, June 24th. Finally, 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 research report on Monday, August 10th. Six 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.com, CES Energy Solutions has a consensus rating of "Moderate Buy" and an average target price of C$19.72.

CES Energy Solutions Price Performance

CEU opened at C$19.15 on Monday. CES Energy Solutions has a 1 year low of C$8.09 and a 1 year high of C$19.64. 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 company has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 0.61 and a beta of 0.50. The firm's fifty day moving average price is C$16.95 and its two-hundred day moving average price is C$17.35.

Insider Activity at CES Energy Solutions

In related news, insider Kenneth Earl Zinger acquired 10,000 shares of the stock in a transaction on Monday, June 22nd. The shares were acquired at an average price of C$15.00 per share, with a total value of C$150,000.00. Following the completion of the transaction, the insider owned 1,682,857 shares in the company, valued at approximately C$25,242,855. The trade was a 0.60% increase in their position. Also, insider Mihir Patel sold 12,184 shares of the business's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$195,431.36. Following the completion of the transaction, the insider owned 16,571 shares in the company, valued at approximately C$265,798.84. The trade was a 42.37% decrease in their ownership of the stock. Insiders have sold 71,883 shares of company stock valued at $1,153,003 in the last 90 days. 3.03% of the stock is currently 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.

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