Q3 Earnings Estimate for TSE:SES Issued By Atb Cap Markets

Secure Energy Services Inc. (TSE:SES) – Atb Cap Markets upped their Q3 2024 earnings per share (EPS) estimates for Secure Energy Services in a note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.21 per share for the quarter, up from their prior forecast of $0.18. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.77 per share. Atb Cap Markets also issued estimates for Secure Energy Services’ FY2024 earnings at $0.59 EPS.

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

SES has been the subject of a number of other reports. Eight Capital set a C$20.00 target price on Secure Energy Services and gave the stock a “buy” rating in a research note on Wednesday, October 9th. CIBC increased their target price on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Raymond James raised their price objective on Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Scotiabank set a C$16.00 target price on Secure Energy Services and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, BMO Capital Markets increased their target price on Secure Energy Services from C$16.00 to C$17.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$14.88.

Secure Energy Services Stock Up 0.4 %

Secure Energy Services stock opened at C$13.55 on Thursday. The stock has a 50-day simple moving average of C$12.46 and a 200-day simple moving average of C$11.89. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The company has a market capitalization of C$3.26 billion, a P/E ratio of 6.78, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services has a fifty-two week low of C$7.18 and a fifty-two week high of C$14.21.

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 paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.95%. Secure Energy Services’s payout ratio is currently 20.00%.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, Director Mark Bly purchased 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of C$11.52 per share, with a total value of C$115,200.00. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00. Also, Director Mark Bly acquired 10,000 shares of the stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of C$11.52 per share, for a total transaction of C$115,200.00. Insiders sold a total of 73,016 shares of company stock worth $877,203 over the last ninety days. Company insiders own 0.95% of the company’s stock.

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.