Secure Energy Services Inc. (TSE:SES - Free Report) - Stock analysts at Atb Cap Markets lifted their Q3 2024 earnings estimates for Secure Energy Services in a note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.21 per share for the quarter, up from their prior forecast of $0.18. The consensus estimate for Secure Energy Services' current full-year earnings is $0.77 per share. Atb Cap Markets also issued estimates for Secure Energy Services' FY2024 earnings at $0.59 EPS.
SES has been the topic of a number of other reports. CIBC boosted their price objective on Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. Eight Capital set a C$20.00 price target on shares of Secure Energy Services and gave the company a "buy" rating in a research report on Wednesday, October 9th. Raymond James upped their price target on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Scotiabank set a C$16.00 price objective on shares of Secure Energy Services and gave the company an "outperform" rating in a research note on Friday, October 4th. Finally, BMO Capital Markets increased their target price on Secure Energy Services from C$16.00 to C$17.00 in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Secure Energy Services presently has an average rating of "Moderate Buy" and an average price target of C$14.88.
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Secure Energy Services Stock Performance
Shares of SES traded up C$0.06 during mid-day trading on Thursday, hitting C$13.55. The stock had a trading volume of 385,653 shares, compared to its average volume of 702,413. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. The firm has a market cap of C$3.26 billion, a P/E ratio of 6.78, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 52 week low of C$7.18 and a 52 week high of C$14.21. The business has a fifty day moving average price of C$12.46 and a 200-day moving average price of C$11.89.
Secure Energy Services (TSE:SES - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.02). Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. The firm had revenue of C$337.00 million during the quarter.
Insider Buying and Selling
In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$48,934.20. In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of Secure Energy Services stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. Over the last quarter, insiders have sold 73,016 shares of company stock worth $877,203. Corporate insiders own 0.95% of the company's stock.
Secure Energy Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.95%. Secure Energy Services's payout ratio is currently 20.00%.
About Secure Energy Services
(
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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.
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