Secure Energy Services Inc. Forecasted to Post Q2 2024 Earnings of $0.12 Per Share (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Research analysts at Atb Cap Markets increased their Q2 2024 earnings per share estimates for shares of Secure Energy Services in a note issued to investors on Monday, April 29th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.12 per share for the quarter, up from their previous estimate of $0.11. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.67 per share. Atb Cap Markets also issued estimates for Secure Energy Services’ Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.18 EPS and FY2025 earnings at $0.86 EPS.

Secure Energy Services (TSE:SES) last issued its earnings results on Monday, February 26th. The company reported C$0.20 earnings per share for the quarter, hitting the consensus estimate of C$0.20. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. The business had revenue of C$451.00 million during the quarter, compared to analysts’ expectations of C$429.00 million.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their target price 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. BMO Capital Markets boosted their price target on Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. CIBC boosted their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Raymond James boosted their price target on Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada boosted their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Secure Energy Services has a consensus rating of “Moderate Buy” and a consensus price target of C$13.25.

Secure Energy Services Price Performance

Shares of SES stock opened at C$11.32 on Thursday. Secure Energy Services has a twelve month low of C$5.87 and a twelve month high of C$11.92. The stock has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 0.17 and a beta of 2.58. The stock has a fifty day simple moving average of C$11.38 and a two-hundred day simple moving average of C$9.84. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92.

Insider Activity at Secure Energy Services

In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. Also, Director Rene Amirault sold 731,807 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$8,302,496.78. Insiders have sold 816,914 shares of company stock valued at $9,285,153 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Secure Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, March 28th. Secure Energy Services’s dividend payout ratio is currently 61.54%.

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.