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

Secure Energy Services Inc. (TSE:SES - Free Report) - Investment analysts at Atb Cap Markets upped their FY2024 earnings per share estimates for Secure Energy Services in a note issued to investors on Monday, April 29th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $1.95 for the year, up from their prior forecast of $1.91. The consensus estimate for Secure Energy Services' current full-year earnings is $0.67 per share. Atb Cap Markets also issued estimates for Secure Energy Services' Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.23 EPS and FY2026 earnings at $0.91 EPS.

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

Several other research analysts have also weighed in on the company. Cormark boosted their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a "buy" rating in a research report on Tuesday, February 27th. ATB Capital lifted their target price on Secure Energy Services from C$13.00 to C$14.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Stifel Nicolaus lifted their target price on Secure Energy Services from C$12.50 to C$13.50 and gave the stock a "buy" rating in a research note on Thursday, April 18th. BMO Capital Markets lifted their target price on Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada lifted their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Secure Energy Services currently has an average rating of "Moderate Buy" and a consensus target price of C$13.25.

Secure Energy Services Stock Down 1.3 %

Shares of TSE:SES traded down C$0.15 during trading on Wednesday, hitting C$11.51. 1,314,987 shares of the company were exchanged, compared to its average volume of 774,188. The stock has a market cap of C$3.22 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 0.17 and a beta of 2.58. Secure Energy Services has a fifty-two week low of C$5.81 and a fifty-two week high of C$11.92. The firm has a fifty day moving average price of C$11.35 and a two-hundred day moving average price of C$9.80. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.10 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 3.48%. Secure Energy Services's dividend payout ratio (DPR) is presently 61.54%.

Insider Activity at Secure Energy Services

In related news, Director Rene Amirault sold 731,807 shares of the business's stock in a transaction 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, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the business's stock in a transaction 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. Also, Director Rene Amirault sold 731,807 shares of the company's stock in a transaction dated 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. Insiders sold 816,914 shares of company stock worth $9,285,153 in the last ninety days. 0.88% of the stock is 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.