Secure Energy Services Inc. (TSE:SES – Free Report) – Cormark upped their FY2024 earnings per share estimates for shares of Secure Energy Services in a research note issued to investors on Tuesday, April 30th. Cormark analyst B. Watson now expects that the company will earn $2.07 per share for the year, up from their prior estimate of $1.92. Cormark has a “Buy” rating and a $14.00 price target on the stock. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.67 per share.
Secure Energy Services (TSE:SES – Get Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported C$0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.20. The company had revenue of C$451.00 million during 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%.
Check Out Our Latest Stock Analysis on Secure Energy Services
Secure Energy Services Stock Performance
TSE SES opened at C$11.32 on Thursday. The stock has a 50-day moving average of C$11.38 and a 200 day moving average of C$9.84. Secure Energy Services has a twelve month low of C$5.87 and a twelve 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. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92.
Insider Buying and Selling at Secure Energy Services
In related news, Senior Officer James Darryl Anderson sold 65,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of C$11.62, for a total transaction of C$755,300.00. In related news, Director Rene Amirault sold 731,807 shares of the firm’s 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$8,302,496.78. Also, Senior Officer James Darryl Anderson sold 65,000 shares of Secure Energy Services 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. Insiders sold a total of 816,914 shares of company stock valued at $9,285,153 in the last three months. 0.88% of the stock is owned by corporate insiders.
Secure Energy Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Thursday, March 28th. Secure Energy Services’s dividend payout ratio (DPR) is 61.54%.
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.
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