FY2024 EPS Estimates for TSE:SES Decreased by Raymond James

Secure Energy Services Inc. (TSE:SES) – Equities research analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for Secure Energy Services in a report released on Monday, December 16th. Raymond James analyst M. Barth now forecasts that the company will earn $0.86 per share for the year, down from their prior forecast of $0.87. Raymond James has a “Outperform” rating and a $15.25 price target 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.

SES has been the topic of several other research reports. National Bankshares increased 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 report on Thursday, October 31st. Eight Capital increased their target price on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Scotiabank boosted their price objective on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. CIBC increased their price target on shares of Secure Energy Services from C$16.00 to C$17.25 in a research note on Tuesday. Finally, ATB Capital upped their target price on Secure Energy Services from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and eight 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 an average price target of C$16.70.

Secure Energy Services Price Performance

Shares of SES stock traded up C$0.10 during trading hours on Thursday, hitting C$15.99. 40,842 shares of the company’s stock were exchanged, compared to its average volume of 710,045. The company has a market capitalization of C$3.85 billion, a PE ratio of 8.00, a PEG ratio of 0.17 and a beta of 2.41. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. Secure Energy Services has a 12-month low of C$8.85 and a 12-month high of C$17.13. The business’s 50 day simple moving average is C$15.57 and its 200-day simple moving average is C$13.16.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s payout ratio is 20.00%.

Insider Buying and Selling

In other Secure Energy Services news, insider David Bonderman sold 2,995 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total transaction of C$48,905.36. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total transaction of C$145,350.00. Insiders have sold a total of 54,820 shares of company stock worth $805,315 in the last quarter. Corporate insiders own 0.95% 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.