Q3 2023 EPS Estimates for Secure Energy Services Inc. (TSE:SES) Boosted by Atb Cap Markets

Secure Energy Services Inc. (TSE:SES) – Analysts at Atb Cap Markets boosted their Q3 2023 earnings per share (EPS) estimates for Secure Energy Services in a research note issued on Wednesday, October 18th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.19. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.68 per share.

Secure Energy Services (TSE:SES) last released its earnings results on Thursday, July 27th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.12 by C($0.01). The firm had revenue of C$353.00 million during the quarter, compared to the consensus estimate of C$326.00 million. Secure Energy Services had a net margin of 2.30% and a return on equity of 15.20%.

Other equities research analysts have also recently issued reports about the stock. CIBC boosted their price target on shares of Secure Energy Services from C$7.50 to C$8.00 and gave the stock a “neutral” rating in a research report on Monday. Royal Bank of Canada upped their target price on Secure Energy Services from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Secure Energy Services currently has an average rating of “Moderate Buy” and an average target price of C$8.98.

Secure Energy Services Stock Performance

Shares of SES stock opened at C$7.40 on Friday. Secure Energy Services has a 12 month low of C$5.81 and a 12 month high of C$8.76. The company’s fifty day simple moving average is C$7.44 and its 200-day simple moving average is C$6.75. The firm has a market cap of C$2.17 billion, a PE ratio of 12.54, a P/E/G ratio of 0.17 and a beta of 2.55. The company has a quick ratio of 1.10, a current ratio of 1.24 and a debt-to-equity ratio of 92.45.

Secure Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Sunday, October 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 5.41%. Secure Energy Services’s dividend payout ratio (DPR) is currently 67.80%.

About Secure Energy Services

Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Canada and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The Midstream Infrastructure segment provides processing, storing, shipping, and marketing of crude oil; and transports oil and water through pipelines, as well as engages in oil production processing and disposal, and water disposal; and crude oil emulsion treatment activities.