Brokers Set Expectations for Secure Energy Services Inc.’s FY2024 Earnings (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Analysts at Atb Cap Markets cut their FY2024 EPS estimates for shares of Secure Energy Services in a research report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.67 per share for the year, down from their prior forecast of $0.72. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.67 per share.

Secure Energy Services (TSE:SES) last announced its earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, meeting analysts’ consensus estimates of C$0.20. The business had revenue of C$451.00 million for the quarter, compared to analysts’ expectations of C$429.00 million. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%.

SES has been the topic of several other reports. BMO Capital Markets boosted their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday. Royal Bank of Canada boosted their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 27th. National Bankshares boosted their price objective on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Raymond James boosted their price objective on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the company an “outperform” rating in a research note on Friday. Finally, CIBC boosted their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Secure Energy Services has a consensus rating of “Moderate Buy” and an average price target of C$13.25.

Secure Energy Services Stock Performance

Shares of SES opened at C$11.59 on Friday. The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52. The stock has a market capitalization of C$3.25 billion, a P/E ratio of 17.83, a P/E/G ratio of 0.17 and a beta of 2.58. The company’s fifty day moving average is C$11.28 and its two-hundred day moving average is C$9.66. Secure Energy Services has a 1 year low of C$5.81 and a 1 year high of C$11.92.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.45%. Secure Energy Services’s payout ratio is currently 61.54%.

Insiders Place Their Bets

In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total value of C$90,000.00. In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total value of C$90,000.00. Also, Director Rene Amirault sold 731,807 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. In the last ninety days, insiders have sold 751,914 shares of company stock worth $8,529,853. Corporate insiders own 0.88% of the company’s stock.

About Secure Energy Services

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.