Atb Cap Markets Has Bullish Forecast for TSE:SES Q3 Earnings

Secure Energy Services Inc. (TSE:SES) – Stock analysts at Atb Cap Markets raised their Q3 2024 earnings estimates for shares of Secure Energy Services in a research note issued to investors 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 prior forecast 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.

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

SES has been the topic of several other research reports. National Bankshares increased their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. Raymond James increased their target price on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a report on Wednesday, July 31st. CIBC increased 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. BMO Capital Markets increased their price target on shares of Secure Energy Services from C$16.00 to C$17.00 in a research report on Tuesday. Finally, ATB Capital increased their price target 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$14.88.

Secure Energy Services Price Performance

SES stock opened at C$13.65 on Thursday. 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 52 week low of C$7.18 and a 52 week high of C$14.21. The firm’s fifty day moving average is C$12.50 and its 200 day moving average is C$11.90. The firm has a market cap of C$3.29 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.17 and a beta of 2.41.

Secure Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.93%. Secure Energy Services’s dividend payout ratio is 20.00%.

Insider Transactions at Secure Energy Services

In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of Secure Energy Services stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$48,934.20. In other Secure Energy Services news, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$48,934.20. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. In the last ninety days, insiders sold 73,016 shares of company stock valued at $877,203. Company insiders own 0.95% 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.