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

Secure Energy Services Inc. (TSE:SES) – Equities research analysts at Raymond James boosted their FY2024 earnings per share (EPS) estimates for Secure Energy Services in a report released on Wednesday, October 30th. Raymond James analyst M. Barth now expects that the company will post earnings per share of $0.87 for the year, up from their previous forecast of $0.64. Raymond James has a “Outperform” rating and a $15.25 price target 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 $0.89 EPS and FY2026 earnings at $1.05 EPS.

Other equities analysts have also recently issued research reports about the company. Scotiabank lifted their price objective on Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. ATB Capital lifted their price objective 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. National Bankshares lifted their target price on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their target price on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Eight Capital lifted their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$16.58.

Secure Energy Services Price Performance

Shares of SES opened at C$16.12 on Monday. Secure Energy Services has a 1 year low of C$7.57 and a 1 year high of C$16.25. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The stock has a market cap of C$3.88 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The stock’s 50-day moving average price is C$12.94 and its two-hundred day moving average price is C$12.08.

Insider Activity

In other news, Senior Officer Allen Peter Gransch sold 4,011 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$48,934.20. In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of Secure Energy Services stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$48,934.20. Also, Director Mark Bly bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average cost of C$11.52 per share, for a total transaction of C$115,200.00. Over the last quarter, insiders sold 27,255 shares of company stock valued at $339,081. Company insiders own 0.95% of the company’s stock.

Secure Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a $0.10 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.48%. Secure Energy Services’s payout ratio is 20.00%.

About Secure Energy Services

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.