Atb Cap Markets Issues Negative Outlook for TSE:SES Earnings

Secure Energy Services Inc. (TSE:SES) – Equities researchers at Atb Cap Markets decreased their FY2024 EPS estimates for Secure Energy Services in a research report issued to clients and investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.74 for the year, down from their prior estimate of $0.75. 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’ Q4 2024 earnings at $0.19 EPS.

Several other research firms have also recently weighed in on SES. Royal Bank of Canada set a C$17.00 price target on shares of Secure Energy Services and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Eight Capital upped their target price 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. BMO Capital Markets lifted their price target on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Scotiabank upped their price objective on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, National Bankshares raised their target price on shares of Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$17.20.

Secure Energy Services Stock Performance

Secure Energy Services stock opened at C$15.04 on Monday. Secure Energy Services has a 1-year low of C$10.20 and a 1-year high of C$17.13. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The firm has a market capitalization of C$3.62 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The firm’s 50 day simple moving average is C$15.86 and its 200 day simple moving average is C$14.22.

Insider Activity at Secure Energy Services

In other Secure Energy Services news, insider James G. Coulter sold 8,574 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$16.69, for a total transaction of C$143,117.21. Also, insider Llc Tpg Gp A sold 4,271 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$16.50, for a total transaction of C$70,475.77. In the last 90 days, insiders have sold 15,840 shares of company stock valued at $262,498. 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.