FY2024 EPS Estimates for Secure Energy Services Inc. Raised by Analyst (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Equities researchers at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of Secure Energy Services in a research report issued to clients and investors on Tuesday, April 30th. Cormark analyst B. Watson now forecasts that the company will post earnings per share of $2.07 for the year, up from their prior forecast of $1.92. Cormark currently has a “Buy” rating and a $14.00 target price on the stock. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.67 per share.

Other equities research analysts also recently issued reports about the company. Raymond James raised their price target on Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, April 26th. ATB Capital raised their price objective on Secure Energy Services from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. CIBC raised their price objective on 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. Royal Bank of Canada raised their price objective on 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. Finally, Stifel Nicolaus raised their target price on Secure Energy Services from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Secure Energy Services has an average rating of “Moderate Buy” and a consensus price target of C$13.25.

Secure Energy Services Stock Down 1.1 %

SES opened at C$11.38 on Thursday. Secure Energy Services has a fifty-two week low of C$5.87 and a fifty-two week high of C$11.92. The business has a 50-day moving average of C$11.37 and a 200-day moving average of C$9.81. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. The company has a market capitalization of C$3.19 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58.

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

Insider Transactions at Secure Energy Services

In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services 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 transaction of C$90,000.00. In related news, Senior Officer James Darryl Anderson sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of C$11.62, for a total transaction of C$755,300.00. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the firm’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. In the last quarter, insiders have sold 816,914 shares of company stock valued at $9,285,153. 0.88% of the stock is owned by corporate insiders.

Secure Energy Services Announces Dividend

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

Secure Energy Services Company Profile

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.