What is Raymond James' Estimate for TSE:SES FY2024 Earnings?

Secure Energy Services Inc. (TSE:SES - Free Report) - Stock analysts at Raymond James decreased their FY2024 earnings estimates for shares of Secure Energy Services in a research report issued to clients and investors on Monday, December 16th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $0.86 per share for the year, down from their prior estimate of $0.87. Raymond James has a "Outperform" rating and a $15.25 price objective 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.

Other research analysts also recently issued research reports about the company. Scotiabank raised their price objective on Secure Energy Services from C$16.00 to C$18.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Royal Bank of Canada set a C$17.00 target price on shares of Secure Energy Services and gave the stock a "sector perform" rating in a research note on Thursday. ATB Capital upped their price target on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Eight Capital increased their price objective on shares of 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. Finally, BMO Capital Markets lifted their target price on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Secure Energy Services presently has an average rating of "Moderate Buy" and a consensus target price of C$17.20.

Secure Energy Services Stock Performance

SES traded up C$0.38 during trading on Thursday, hitting C$16.27. The company's stock had a trading volume of 1,051,383 shares, compared to its average volume of 714,313. The business's 50 day simple moving average is C$15.57 and its 200-day simple moving average is C$13.16. The firm has a market cap of C$3.92 billion, a PE ratio of 8.14, a P/E/G ratio of 0.17 and a beta of 2.41. Secure Energy Services has a one year low of C$8.85 and a one year high of C$17.13. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03.

Secure Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.46%. Secure Energy Services's payout ratio is 20.00%.

Insider Activity

In other Secure Energy Services news, insider Llc Tpg Gp A sold 12,725 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$16.99, for a total transaction of C$216,235.93. Also, Director Rene Amirault sold 10,844 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$132,296.80. Insiders sold a total of 54,820 shares of company stock worth $805,315 over the last 90 days. Corporate 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.