Secure Energy Services Inc. (TSE:SES) Forecasted to Post Q4 2024 Earnings of $0.22 Per Share

Secure Energy Services Inc. (TSE:SES) – Equities researchers at Atb Cap Markets boosted their Q4 2024 EPS estimates for shares of Secure Energy Services in a report issued on Tuesday, July 30th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.22 per share for the quarter, up from their prior estimate of $0.18. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.70 per share. Atb Cap Markets also issued estimates for Secure Energy Services’ Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.24 EPS and FY2026 earnings at $0.96 EPS.

A number of other analysts also recently issued reports on SES. ATB Capital increased their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday. BMO Capital Markets increased their price objective on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday. National Bankshares lifted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday. Raymond James upped their price target on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus lifted their price objective on Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$13.97.

Secure Energy Services Stock Down 2.7 %

SES stock opened at C$11.83 on Thursday. The firm’s fifty day simple moving average is C$11.72 and its 200-day simple moving average is C$11.28. The company has a market capitalization of C$3.11 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55. The company has a debt-to-equity ratio of 28.54, a current ratio of 1.71 and a quick ratio of 1.10. Secure Energy Services has a 12 month low of C$6.70 and a 12 month high of C$12.53.

Secure Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were paid a dividend of $0.10 per share. The ex-dividend date was Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.38%. Secure Energy Services’s dividend payout ratio (DPR) is 20.62%.

Insider Transactions at Secure Energy Services

In related news, Director Rene Amirault sold 43,125 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total transaction of C$515,343.75. In other Secure Energy Services news, Director Rene Amirault sold 43,125 shares of Secure Energy Services stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total value of C$515,343.75. Also, Senior Officer Corey Ray Higham purchased 208,949 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of C$11.58 per share, for a total transaction of C$2,419,504.05. Insiders acquired a total of 323,569 shares of company stock valued at $3,752,369 in the last ninety days. Corporate insiders own 0.93% 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.