Analyst John Gibson CFA of BMO Capital reiterated a Buy rating on CES Energy Solutions, with a price target of C$12.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
John Gibson CFA has given his Buy rating due to a combination of factors including CES Energy Solutions’ strong financial performance in Q3/25, where the company reported record revenue across its Canadian and US platforms. The company’s ability to increase its market share in the US production chemical sector, despite a decline in rig counts, indicates strong operational efficiency and potential for future growth.
Additionally, CES Energy Solutions has demonstrated robust shareholder returns, repurchasing $36 million in shares and maintaining a solid dividend payout. The company’s financial outlook remains positive, with expectations of continued outperformance relative to broader market activity declines, supported by significant production chemical contracts. The target price of $12 reflects a valuation that is considered attractive, given the company’s growth prospects and recent market transactions.
CESDF’s price has also changed dramatically for the past six months – from C$6.300 to C$9.530, which is a 51.27% increase.