FY2024 Earnings Estimate for TSE:SES Issued By Raymond James

Secure Energy Services Inc. (TSE:SES) – Research analysts at Raymond James lowered their FY2024 earnings estimates for shares of Secure Energy Services in a report released on Tuesday, October 15th. Raymond James analyst M. Barth now forecasts that the company will post earnings per share of $0.64 for the year, down from their prior estimate of $0.65. Raymond James currently has a “Outperform” rating and a $14.25 target price on the stock. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.78 per share. Raymond James also issued estimates for Secure Energy Services’ FY2025 earnings at $0.80 EPS and FY2026 earnings at $0.96 EPS.

SES has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. ATB Capital boosted their price objective on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. National Bankshares raised their target price on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Scotiabank set a C$16.00 price target on Secure Energy Services and gave the stock an “outperform” rating in a research note on Friday, October 4th. Finally, CIBC raised their price objective on Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.78.

Secure Energy Services Stock Performance

Secure Energy Services stock opened at C$13.55 on Friday. The firm has a market capitalization of C$3.26 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services has a one year low of C$7.11 and a one year high of C$14.21. The stock’s 50 day moving average price is C$12.31 and its 200 day moving average price is C$11.83. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 EPS 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 company had revenue of C$337.00 million for the quarter.

Insider Activity 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 on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. In other Secure Energy Services news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. In the last ninety days, insiders have sold 73,016 shares of company stock valued at $877,203. Corporate insiders own 0.95% of the company’s stock.

Secure Energy Services Announces Dividend

The company also recently declared 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 was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.95%. Secure Energy Services’s dividend payout ratio (DPR) is 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.