Atb Cap Markets Comments on Secure Energy Services Inc.’s FY2024 Earnings (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Analysts at Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for shares of Secure Energy Services in a research report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $0.67 per share for the year, down from their prior estimate of $0.72. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.67 per share.

SES has been the topic of a number of other research reports. Royal Bank of Canada increased their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 27th. Cormark increased their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. National Bankshares increased their price target on Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Raymond James increased their price target on Secure Energy Services from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus increased 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$13.09.

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$11.56 on Friday. The business’s fifty day moving average price is C$11.28 and its two-hundred day moving average price is C$9.66. The stock has a market cap of C$3.24 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. 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 has a one year low of C$5.81 and a one year high of C$11.92.

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

Secure Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 3.46%. Secure Energy Services’s dividend payout ratio (DPR) is 61.54%.

Insiders Place Their Bets

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of Secure Energy Services stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$137,356.34. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of Secure Energy Services stock in a transaction that occurred 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. Also, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. Over the last 90 days, insiders have sold 751,914 shares of company stock worth $8,529,853. 0.88% of the stock is owned by 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.