Brokers Issue Forecasts for Secure Energy Services Inc.’s Q2 2024 Earnings (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Equities research analysts at Atb Cap Markets raised their Q2 2024 earnings per share estimates for Secure Energy Services in a research report issued on Monday, April 29th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.12 per share for the quarter, up from their prior forecast of $0.11. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.67 per share. Atb Cap Markets also issued estimates for Secure Energy Services’ Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.18 EPS and FY2025 earnings at $0.86 EPS.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets raised their price target on Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. National Bankshares raised their target price on Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. ATB Capital increased their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. CIBC boosted their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Finally, Cormark increased their price target on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Secure Energy Services has an average rating of “Moderate Buy” and an average target price of C$13.25.

Secure Energy Services Trading Down 1.1 %

Shares of SES stock opened at C$11.38 on Thursday. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92. Secure Energy Services has a 12-month low of C$5.87 and a 12-month high of C$11.92. The stock has a market capitalization of C$3.19 billion, a P/E ratio of 17.51, a P/E/G ratio of 0.17 and a beta of 2.58. The firm’s 50 day moving average is C$11.37 and its 200 day moving average is C$9.81.

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

Insider Activity

In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction that occurred on 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. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. Insiders have sold 816,914 shares of company stock worth $9,285,153 in the last three months. Company insiders own 0.88% of the company’s stock.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.51%. Secure Energy Services’s dividend payout ratio (DPR) is presently 61.54%.

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.