Secure Energy Services Inc. Forecasted to Post FY2025 Earnings of $0.62 Per Share (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for 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 $0.62 per share for the year, up from their prior forecast of $0.55. Cormark has a “Buy” rating and a $14.00 price objective on the stock. 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 lifted their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 27th. National Bankshares boosted their price objective on Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. BMO Capital Markets increased their target price on Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. ATB Capital boosted their price target on Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, CIBC upped their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$13.25.

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$11.32 on Friday. The firm’s 50 day simple moving average is C$11.38 and its two-hundred day simple moving average is C$9.86. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. The company has a market capitalization of C$3.17 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.17 and a beta of 2.58. Secure Energy Services has a 1-year low of C$5.87 and a 1-year high of C$11.92.

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

Insider Buying and Selling at Secure Energy Services

In related news, Senior Officer James Darryl Anderson sold 65,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of C$11.62, for a total value of C$755,300.00. In related news, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction dated Thursday, March 21st. The stock was 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 the firm’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 value of C$755,300.00. Insiders sold 816,914 shares of company stock worth $9,285,153 in the last quarter. 0.88% of the stock is owned by corporate insiders.

Secure Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid 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 of this dividend was Thursday, March 28th. Secure Energy Services’s payout ratio is presently 61.54%.

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.