FY2024 EPS Estimates for TSE:SES Raised by Atb Cap Markets

Secure Energy Services Inc. (TSE:SES) – Equities research analysts at Atb Cap Markets lifted their FY2024 earnings per share estimates for Secure Energy Services in a research note issued to investors on Wednesday, October 30th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.75 per share for the year, up from their prior forecast of $0.59. 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’ Q4 2024 earnings at $0.20 EPS, Q3 2025 earnings at $0.23 EPS and FY2025 earnings at $0.96 EPS.

A number of other research firms have also issued reports on SES. ATB Capital increased their target price on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Eight Capital increased their price objective on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Raymond James increased their price objective on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a report on Thursday, October 31st. National Bankshares increased their price objective on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, CIBC increased their price objective on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$16.58.

Secure Energy Services Price Performance

SES opened at C$16.10 on Monday. The stock has a fifty day moving average of C$12.86 and a 200-day moving average of C$12.05. The firm has a market capitalization of C$3.87 billion, a P/E ratio of 8.05, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 12-month low of C$7.57 and a 12-month high of C$16.11. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03.

Insiders Place Their Bets

In other news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00. In other news, Director Mark Bly bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of C$11.52 per share, with a total value of C$115,200.00. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of Secure Energy Services stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00. Insiders have sold 73,016 shares of company stock valued at $877,203 over the last three months. 0.95% of the stock is currently owned by insiders.

Secure Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s payout ratio is 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.