What is Raymond James’ Estimate for TSE:SES FY2024 Earnings?

Secure Energy Services Inc. (TSE:SES) – Raymond James dropped their FY2024 earnings per share estimates for shares of Secure Energy Services in a note issued to investors on Monday, December 16th. Raymond James analyst M. Barth now forecasts that the company will earn $0.86 per share for the year, down from their previous estimate of $0.87. Raymond James has a “Outperform” rating and a $15.25 price target on the stock. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.77 per share. Raymond James also issued estimates for Secure Energy Services’ FY2025 earnings at $0.81 EPS and FY2026 earnings at $0.99 EPS.

SES has been the topic of several other reports. CIBC upped their price target on shares of Secure Energy Services from C$16.00 to C$17.25 in a report on Tuesday. Eight Capital upped their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada set a C$17.00 price target on Secure Energy Services and gave the stock a “sector perform” rating in a research note on Thursday. ATB Capital upped their price objective on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, National Bankshares lifted their target price on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$17.20.

Secure Energy Services Trading Down 1.8 %

Shares of SES opened at C$15.98 on Thursday. The company’s fifty day simple moving average is C$15.67 and its 200-day simple moving average is C$13.21. The company has a market cap of C$3.85 billion, a P/E ratio of 7.99, a P/E/G ratio of 0.17 and a beta of 2.41. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. Secure Energy Services has a twelve month low of C$9.02 and a twelve month high of C$17.13.

Secure Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s payout ratio is 20.00%.

Insider Activity

In other Secure Energy Services news, Director Rene Amirault sold 10,844 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$132,296.80. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total value of C$145,350.00. Over the last 90 days, insiders have sold 54,820 shares of company stock worth $805,315. Company insiders own 0.95% of the company’s stock.

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.