Cormark Research Analysts Lift Earnings Estimates for Secure Energy Services Inc. (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Analysts at Cormark increased their FY2025 earnings estimates for Secure Energy Services in a report issued on Tuesday, April 30th. Cormark analyst B. Watson now expects that the company will post earnings of $0.62 per share for the year, up from their previous forecast of $0.55. Cormark has a “Buy” rating and a $14.00 price target on the stock. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.67 per share.

Secure Energy Services (TSE:SES) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, hitting analysts’ consensus estimates of C$0.20. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. The business had revenue of C$451.00 million during the quarter, compared to analysts’ expectations of C$429.00 million.

Other equities analysts have also recently issued research reports about the stock. ATB Capital raised their price target on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. CIBC increased their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Stifel Nicolaus lifted their price objective on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a report on Thursday, April 18th. Raymond James upped their target price on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, National Bankshares raised their price target on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.25.

Secure Energy Services Trading Down 0.5 %

Shares of Secure Energy Services stock opened at C$11.32 on Friday. The stock has a market capitalization of C$3.17 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. Secure Energy Services has a 52 week low of C$5.87 and a 52 week high of C$11.92. The stock has a 50 day moving average price of C$11.38 and a two-hundred day moving average price of C$9.86. The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, March 28th. Secure Energy Services’s payout ratio is 61.54%.

Insider Activity

In other news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$137,356.34. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$137,356.34. Also, Senior Officer James Darryl Anderson sold 65,000 shares of Secure Energy Services stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$11.62, for a total value of C$755,300.00. Over the last ninety days, insiders sold 816,914 shares of company stock worth $9,285,153. 0.88% of the stock is owned by company insiders.

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.