Stifel Firstegy Weighs in on Secure Energy Services Inc.’s Q3 2022 Earnings (TSE:SES)

Secure Energy Services Inc. (TSE:SES – Get Rating) – Equities researchers at Stifel Firstegy issued their Q3 2022 EPS estimates for shares of Secure Energy Services in a research note issued on Wednesday, July 27th. Stifel Firstegy analyst C. Pereira forecasts that the company will earn $0.15 per share for the quarter. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.50 per share. Stifel Firstegy also issued estimates for Secure Energy Services’ Q4 2022 earnings at $0.16 EPS and FY2022 earnings at $0.60 EPS.

Secure Energy Services (TSE:SES – Get Rating) last announced its earnings results on Thursday, April 28th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.08. The company had revenue of C$359.00 million during the quarter, compared to the consensus estimate of C$350.00 million.

Several other research firms have also weighed in on SES. Royal Bank of Canada raised their price objective on shares of Secure Energy Services from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. National Bankshares raised their price objective on shares of Secure Energy Services from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. BMO Capital Markets restated a “buy” rating and set a C$9.00 price objective (up previously from C$8.00) on shares of Secure Energy Services in a research report on Friday, April 29th. Stifel Nicolaus raised their price objective on shares of Secure Energy Services from C$9.75 to C$10.00 in a research report on Thursday. Finally, Raymond James raised their price objective on shares of Secure Energy Services from C$8.50 to C$8.75 and gave the company a “strong-buy” rating in a research report on Tuesday, May 31st. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Secure Energy Services has a consensus rating of “Buy” and a consensus target price of C$8.50.

Secure Energy Services Stock Performance

Shares of SES opened at C$6.42 on Monday. The firm has a 50-day moving average price of C$6.33 and a 200 day moving average price of C$6.11. The firm has a market capitalization of C$1.99 billion and a PE ratio of -10.56. The company has a quick ratio of 1.06, a current ratio of 1.31 and a debt-to-equity ratio of 106.11. Secure Energy Services has a 52-week low of C$3.73 and a 52-week high of C$7.58.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 15th were paid a dividend of $0.0075 per share. This represents a $0.03 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Wednesday, June 29th. Secure Energy Services’s dividend payout ratio is presently -4.93%.

Insider Buying and Selling at Secure Energy Services

In other news, Senior Officer Michael Francis Guy Mikuska sold 78,076 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of C$6.99, for a total value of C$545,751.24. Following the completion of the sale, the insider now directly owns 81,528 shares of the company’s stock, valued at C$569,880.72. In other news, Senior Officer Allen Peter Gransch sold 38,756 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of C$6.39, for a total value of C$247,794.24. Following the completion of the sale, the insider now directly owns 395,224 shares of the company’s stock, valued at C$2,526,943.69. Also, Senior Officer Michael Francis Guy Mikuska sold 78,076 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of C$6.99, for a total transaction of C$545,751.24. Following the completion of the sale, the insider now directly owns 81,528 shares of the company’s stock, valued at C$569,880.72. Over the last ninety days, insiders sold 136,832 shares of company stock valued at $933,345.

Secure Energy Services Company Profile

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Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The company's Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.