Cormark Brokers Lift Earnings Estimates for Secure Energy Services Inc. (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Investment analysts at Cormark increased their FY2025 earnings per share estimates for Secure Energy Services in a research note issued on Tuesday, April 30th. Cormark analyst B. Watson now anticipates that the company will post earnings per share of $0.62 for the year, up from their previous estimate of $0.55. Cormark has a “Buy” rating and a $14.00 price target on the stock. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.67 per share.

Several other equities analysts have also weighed in on the company. Raymond James lifted their price target on Secure Energy Services from C$13.25 to C$13.50 and gave the company an “outperform” rating in a research note on Friday, April 26th. National Bankshares upped 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 note on Tuesday, February 27th. CIBC lifted their price target 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. Stifel Nicolaus lifted their target price on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, ATB Capital upped their price target on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.25.

Secure Energy Services Stock Down 0.5 %

SES opened at C$11.32 on Friday. The company has a fifty day moving average of C$11.38 and a two-hundred day moving average of C$9.84. The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52. Secure Energy Services has a fifty-two week low of C$5.87 and a fifty-two week high of C$11.92. The stock has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.17 and a beta of 2.58.

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 firm had revenue of C$451.00 million during the quarter, compared to analysts’ expectations of C$429.00 million.

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 3.53%. Secure Energy Services’s dividend payout ratio is presently 61.54%.

Insider Buying and Selling at Secure Energy Services

In other news, Director Rene Amirault sold 731,807 shares of the company’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 value of C$8,302,496.78. In other news, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction 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 James Darryl Anderson sold 65,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$11.62, for a total transaction of C$755,300.00. In the last quarter, insiders sold 816,914 shares of company stock worth $9,285,153. Insiders own 0.88% of the company’s stock.

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.