FY2025 Earnings Forecast for Secure Energy Services Inc. (TSE:SES) Issued By Cormark

Secure Energy Services Inc. (TSE:SES - Free Report) - Equities research analysts at Cormark boosted their FY2025 EPS estimates for Secure Energy Services in a report issued on Tuesday, April 30th. Cormark analyst B. Watson now forecasts that the company will post earnings of $0.62 per share for the year, up from their previous forecast of $0.55. Cormark has a "Buy" rating and a $14.00 price objective on the stock. 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 announced its quarterly earnings data on Monday, February 26th. The company reported C$0.20 EPS for the quarter, meeting the consensus estimate of C$0.20. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. The business had revenue of C$451.00 million during the quarter, compared to analyst estimates of C$429.00 million.

A number of other research analysts also recently weighed in on the company. National Bankshares increased their target price on Secure Energy Services from C$12.00 to C$13.00 and gave the company an "outperform" rating in a report on Tuesday, February 27th. Raymond James upped their price target on Secure Energy Services from C$13.25 to C$13.50 and gave the stock an "outperform" rating in a research report on Friday, April 26th. BMO Capital Markets lifted their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. CIBC boosted their price objective on 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. Finally, ATB Capital raised their target price on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the company an "outperform" rating in a research note 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 has an average rating of "Moderate Buy" and an average target price of C$13.25.

Secure Energy Services Stock Down 0.5 %

SES stock traded down C$0.06 during trading on Friday, hitting C$11.32. 660,475 shares of the stock traded hands, compared to its average volume of 775,103. The stock has a market cap of C$3.17 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. The firm's 50 day moving average is C$11.38 and its two-hundred day moving average is C$9.84. Secure Energy Services has a 1 year low of C$5.87 and a 1 year high of C$11.92.

Secure Energy Services Announces Dividend

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

Insiders Place Their Bets

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

About Secure Energy Services

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.