FY2024 EPS Estimates for Secure Energy Services Inc. Reduced by Atb Cap Markets (TSE:SES)

Secure Energy Services Inc. (TSE:SES - Free Report) - Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for shares of Secure Energy Services in a note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.67 per share for the year, down from their previous forecast of $0.72. The consensus estimate for Secure Energy Services' current full-year earnings is $0.67 per share.

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

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their price objective 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. CIBC increased their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a "neutral" rating in a research note on Monday. National Bankshares raised their target price on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the company an "outperform" rating in a research note on Tuesday, February 27th. Royal Bank of Canada raised their target price on shares of 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, Cormark raised their target price on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$13.25.

Secure Energy Services Trading Up 0.3 %

Shares of SES traded up C$0.03 during trading hours on Friday, reaching C$11.59. The stock had a trading volume of 1,206,418 shares, compared to its average volume of 757,289. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92. Secure Energy Services has a 52 week low of C$5.81 and a 52 week high of C$11.92. The firm has a 50-day moving average of C$11.28 and a 200 day moving average of C$9.66. The company has a market cap of C$3.25 billion, a P/E ratio of 17.83, a P/E/G ratio of 0.17 and a beta of 2.58.

Secure Energy Services Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.45%. Secure Energy Services's dividend payout ratio is presently 61.54%.

Insider Transactions at Secure Energy Services

In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. In related news, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$8,302,496.78. 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 shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. Over the last ninety days, insiders have sold 751,914 shares of company stock valued at $8,529,853. 0.88% of the stock is currently owned by company insiders.

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.