Atb Cap Markets Has Bullish Forecast for TSE:SES Q3 Earnings

Secure Energy Services Inc. (TSE:SES) – Stock analysts at Atb Cap Markets upped their Q3 2024 earnings estimates for Secure Energy Services in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.21 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.

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

SES has been the topic of several other reports. National Bankshares boosted their price target on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. Eight Capital set a C$20.00 price target on shares of Secure Energy Services and gave the stock a “buy” rating in a report on Wednesday, October 9th. Scotiabank set a C$16.00 price target on shares of Secure Energy Services and gave the stock an “outperform” rating in a report on Friday, October 4th. ATB Capital boosted their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Raymond James boosted their price target on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$14.88.

Secure Energy Services Stock Up 0.7 %

Shares of TSE SES opened at C$13.65 on Thursday. The stock has a market capitalization of C$3.29 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.17 and a beta of 2.41. The company has a 50-day moving average price of C$12.50 and a 200-day moving average price of C$11.90. Secure Energy Services has a 1 year low of C$7.18 and a 1 year high of C$14.21. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s payout ratio is 20.00%.

Insider Buying and Selling at Secure Energy Services

In related news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total transaction of C$145,350.00. In other news, Senior Officer Corey Ray Higham bought 17,000 shares of the stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of C$11.80 per share, for a total transaction of C$200,560.90. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00. Insiders have sold a total of 73,016 shares of company stock worth $877,203 over the last three months. 0.95% of the stock is currently owned by insiders.

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.