FY2022 EPS Estimates for Secure Energy Services Inc. Lifted by Analyst (TSE:SES)

Secure Energy Services Inc. (TSE:SESGet Rating) – Analysts at National Bank Financial increased their FY2022 earnings estimates for shares of Secure Energy Services in a note issued to investors on Wednesday, July 27th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $0.46 per share for the year, up from their previous forecast of $0.31. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.50 per share.

Secure Energy Services (TSE:SESGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported C$0.12 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.08. The company had revenue of C$359.00 million during the quarter, compared to the consensus estimate of C$350.00 million.

SES has been the subject of several other research reports. BMO Capital Markets reiterated a “buy” rating and set a C$9.00 target price (up previously from C$8.00) on shares of Secure Energy Services in a research report on Friday, April 29th. National Bankshares upped their target price on shares of Secure Energy Services from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. Stifel Nicolaus upped their target price on shares of Secure Energy Services from C$9.75 to C$10.00 in a research report on Thursday. CIBC upped their target price on shares of Secure Energy Services from C$7.50 to C$8.00 in a research report on Monday, May 2nd. Finally, Raymond James upped their target price on shares of Secure Energy Services from C$8.50 to C$8.75 and gave the company a “strong-buy” rating in a research report on Tuesday, May 31st. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$8.50.

Secure Energy Services Stock Performance

Shares of Secure Energy Services stock opened at C$6.42 on Monday. The firm has a fifty day moving average of C$6.33 and a two-hundred day moving average of C$6.11. The stock has a market capitalization of C$1.99 billion and a price-to-earnings ratio of -10.56. Secure Energy Services has a 52 week low of C$3.73 and a 52 week high of C$7.58. The company has a debt-to-equity ratio of 106.11, a quick ratio of 1.06 and a current ratio of 1.31.

Insider Buying and Selling

In other news, Senior Officer Allen Peter Gransch sold 38,756 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of C$6.39, for a total transaction of C$247,794.24. Following the completion of the transaction, the insider now directly owns 395,224 shares in the company, valued at approximately C$2,526,943.69. In other news, Senior Officer Allen Peter Gransch sold 38,756 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of C$6.39, for a total transaction of C$247,794.24. Following the completion of the transaction, the insider now directly owns 395,224 shares in the company, valued at approximately C$2,526,943.69. Also, Senior Officer Michael Francis Guy Mikuska sold 78,076 shares of the stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of C$6.99, for a total transaction of C$545,751.24. Following the transaction, the insider now owns 81,528 shares of the company’s stock, valued at C$569,880.72. In the last ninety days, insiders sold 136,832 shares of company stock valued at $933,345.

Secure Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 15th were paid a $0.0075 dividend. This represents a $0.03 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Wednesday, June 29th. Secure Energy Services’s payout ratio is presently -4.93%.

Secure Energy Services Company Profile

(Get Rating)

Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The company's Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.

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Earnings History and Estimates for Secure Energy Services (TSE:SES)

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