Atb Cap Markets Has Positive Outlook of TSE:SES Q3 Earnings

Secure Energy Services Inc. (TSE:SES) – Research analysts at Atb Cap Markets boosted their Q3 2024 EPS estimates for Secure Energy Services in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.21 per share for the quarter, up from their previous estimate 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.

Other research analysts also recently issued research reports about the stock. ATB Capital raised their target price on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. National Bankshares lifted their price target on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. 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 report on Wednesday, July 31st. CIBC upped their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. Finally, 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$14.88.

Secure Energy Services Trading Up 0.4 %

SES opened at C$13.55 on Thursday. The firm’s fifty day moving average is C$12.46 and its two-hundred day moving average is C$11.89. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. Secure Energy Services has a twelve month low of C$7.18 and a twelve month high of C$14.21. The firm has a market cap of C$3.26 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

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

Insider Buying and Selling

In related news, Director Mark Bly bought 10,000 shares of the business’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. 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 on Thursday, September 12th. The stock was acquired at an average cost of C$11.52 per share, for a total transaction of C$115,200.00. Insiders have sold a total of 73,016 shares of company stock valued at $877,203 over the last ninety days. 0.95% of the stock is owned by corporate insiders.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s dividend 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.