Secure Energy Services Inc. Forecasted to Post Q2 2024 Earnings of $0.12 Per Share (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Research analysts at Atb Cap Markets upped their Q2 2024 earnings per share (EPS) estimates for shares of Secure Energy Services in a report released on Monday, April 29th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.12 per share for the quarter, up from their previous estimate of $0.11. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.67 per share. Atb Cap Markets also issued estimates for Secure Energy Services’ Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.18 EPS and FY2025 earnings at $0.86 EPS.

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

Several other equities analysts have also recently issued reports on SES. Cormark boosted their target price on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Royal Bank of Canada boosted their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 27th. ATB Capital boosted their price target on Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. BMO Capital Markets boosted their price target on Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus boosted their price target on Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$13.25.

Secure Energy Services Stock Performance

TSE SES opened at C$11.32 on Thursday. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92. The business’s 50 day moving average is C$11.38 and its two-hundred day moving average is C$9.84. Secure Energy Services has a 12-month low of C$5.87 and a 12-month high of C$11.92. The stock has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.17 and a beta of 2.58.

Secure Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend 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 currently 61.54%.

Insider Activity

In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. Also, Senior Officer James Darryl Anderson sold 65,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of C$11.62, for a total transaction of C$755,300.00. In the last 90 days, insiders have sold 816,914 shares of company stock valued at $9,285,153. Company insiders own 0.88% of the company’s stock.

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.