What is Raymond James’ Forecast for TSE:SES FY2027 Earnings?

Secure Energy Services Inc. (TSE:SES) – Investment analysts at Raymond James boosted their FY2027 EPS estimates for shares of Secure Energy Services in a research report issued to clients and investors on Wednesday, October 30th. Raymond James analyst M. Barth now anticipates that the company will post earnings of $1.28 per share for the year, up from their prior forecast of $1.23. Raymond James currently has a “Outperform” rating and a $15.25 target price on the stock. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.77 per share. Raymond James also issued estimates for Secure Energy Services’ FY2028 earnings at $1.59 EPS.

Several other equities analysts also recently issued reports on the stock. ATB Capital upped their price objective on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday. National Bankshares raised their price target on shares of Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday. Scotiabank boosted their price objective on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday. CIBC raised their target price on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, BMO Capital Markets boosted their price target on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.58.

Secure Energy Services Trading Up 2.5 %

Shares of TSE:SES opened at C$15.90 on Friday. The business’s 50-day moving average is C$12.69 and its 200 day moving average is C$11.98. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. Secure Energy Services has a 1 year low of C$7.57 and a 1 year high of C$15.91. The firm has a market capitalization of C$3.83 billion, a P/E ratio of 7.76, a P/E/G ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The business had revenue of C$337.00 million during the quarter.

Insider Transactions at Secure Energy Services

In other Secure Energy Services news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. In other news, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$48,934.20. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. Insiders have sold 73,016 shares of company stock worth $877,203 over the last quarter. 0.95% of the stock is currently owned by insiders.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.52%. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.00%.

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.