What is Raymond James’ Estimate for TSE:SES FY2024 Earnings?

Secure Energy Services Inc. (TSE:SES) – Raymond James dropped their FY2024 earnings per share estimates for shares of Secure Energy Services in a research report issued to clients and investors on Monday, December 16th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $0.86 per share for the year, down from their prior estimate of $0.87. 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’ FY2025 earnings at $0.81 EPS and FY2026 earnings at $0.99 EPS.

Other analysts also recently issued research reports about the company. Royal Bank of Canada set a C$17.00 price objective on Secure Energy Services and gave the stock a “sector perform” rating in a report on Thursday. CIBC raised their price objective on shares of Secure Energy Services from C$16.00 to C$17.25 in a research note on Tuesday. BMO Capital Markets boosted their target price on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. ATB Capital raised their target price on Secure Energy Services from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Eight Capital increased their price objective on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Secure Energy Services has a consensus rating of “Moderate Buy” and an average target price of C$17.20.

Secure Energy Services Stock Performance

SES opened at C$16.27 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03. The firm has a market cap of C$3.92 billion, a PE ratio of 8.14, a P/E/G ratio of 0.17 and a beta of 2.41. The business has a fifty day simple moving average of C$15.57 and a 200-day simple moving average of C$13.16. Secure Energy Services has a fifty-two week low of C$8.85 and a fifty-two week high of C$17.13.

Insider Activity

In related news, insider James G. Coulter sold 8,574 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$16.69, for a total value of C$143,117.21. Also, insider David Bonderman sold 2,995 shares of Secure Energy Services stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total value of C$48,905.36. Insiders have sold a total of 54,820 shares of company stock valued at $805,315 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.46%. Secure Energy Services’s payout ratio is currently 20.00%.

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.