Raymond James Has Weak Estimate for TSE:SES FY2024 Earnings

Secure Energy Services Inc. (TSE:SES - Free Report) - Equities researchers at Raymond James reduced their FY2024 earnings per share estimates for Secure Energy Services in a research note issued on Tuesday, October 15th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $0.64 per share for the year, down from their prior forecast of $0.65. Raymond James currently has a "Outperform" rating and a $14.25 target price on the stock. The consensus estimate for Secure Energy Services' current full-year earnings is $0.78 per share. Raymond James also issued estimates for Secure Energy Services' FY2025 earnings at $0.80 EPS and FY2026 earnings at $0.96 EPS.

A number of other research firms also recently issued reports on SES. CIBC increased their target price on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. National Bankshares boosted their target price on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. BMO Capital Markets raised their price target on Secure Energy Services from C$14.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Scotiabank set a C$16.00 price target on Secure Energy Services and gave the company an "outperform" rating in a research note on Friday, October 4th. Finally, Eight Capital set a C$20.00 price objective on shares of Secure Energy Services and gave the company a "buy" rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Secure Energy Services has an average rating of "Moderate Buy" and an average target price of C$14.78.

Secure Energy Services Stock Down 1.5 %

Shares of SES traded down C$0.21 during trading hours on Friday, reaching C$13.55. The company's stock had a trading volume of 258,292 shares, compared to its average volume of 709,027. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03. The firm has a market cap of C$3.26 billion, a price-to-earnings ratio of 6.88, a P/E/G ratio of 0.17 and a beta of 2.41. The company has a 50 day moving average of C$12.27 and a two-hundred day moving average of C$11.81. Secure Energy Services has a 1-year low of C$7.11 and a 1-year high of C$14.21.

Secure Energy Services (TSE:SES - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.02). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The business had revenue of C$337.00 million during the quarter.

Insider Buying and Selling

In other Secure Energy Services news, Director Mark Bly bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average price of C$11.52 per share, for a total transaction of C$115,200.00. In other Secure Energy Services news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm's stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Director Mark Bly acquired 10,000 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of C$11.52 per share, for a total transaction of C$115,200.00. Insiders have sold 73,016 shares of company stock worth $877,203 in the last quarter. 0.95% of the stock is currently owned by company insiders.

Secure Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.95%. Secure Energy Services's payout ratio is presently 20.00%.

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.