Brokers Issue Forecasts for Secure Energy Services Inc.’s FY2022 Earnings (TSE:SES)
Secure Energy Services Inc. (TSE:SES – Get Rating) – Analysts at National Bank Financial increased their FY2022 earnings per share estimates for Secure Energy Services in a report issued on Monday, June 27th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $0.31 per share for the year, up from their previous estimate of $0.28. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.48 per share.
Several other brokerages have also recently issued reports on SES. CIBC lifted their price objective on Secure Energy Services from C$7.50 to C$8.00 in a report on Monday, May 2nd. TD Securities raised their price target on Secure Energy Services from C$7.50 to C$8.00 and gave the stock a “buy” rating in a research report on Friday, April 29th. Raymond James raised their price target on Secure Energy Services from C$8.50 to C$8.75 and gave the stock a “strong-buy” rating in a research report on Tuesday, May 31st. National Bankshares raised their price target on Secure Energy Services from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, April 29th. Finally, Stifel Nicolaus raised their price target on Secure Energy Services from C$9.00 to C$9.50 in a research report on Friday, April 29th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$7.89.
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Shares of SES stock opened at C$6.27 on Wednesday. The stock has a fifty day moving average price of C$6.65 and a 200 day moving average price of C$6.00. The stock has a market cap of C$1.94 billion and a PE ratio of -10.31. Secure Energy Services has a 1 year low of C$3.73 and a 1 year high of C$7.58. The company has a debt-to-equity ratio of 106.11, a quick ratio of 1.06 and a current ratio of 1.31. Secure Energy Services (TSE:SES – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.04 by C$0.08. The firm had revenue of C$359.00 million for the quarter, compared to analyst estimates of C$350.00 million.
In related news, Senior Officer Allen Peter Gransch sold 38,756 shares of Secure Energy Services stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of C$6.39, for a total value of C$247,794.24. Following the transaction, the insider now owns 395,224 shares in the company, valued at C$2,526,943.69. Also, Senior Officer Michael Francis Guy Mikuska sold 20,000 shares of Secure Energy Services stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of C$6.99, for a total value of C$139,800.00. Following the completion of the transaction, the insider now owns 159,604 shares in the company, valued at approximately C$1,115,631.96. In the last ninety days, insiders sold 136,845 shares of company stock valued at $933,414.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 15th will be given a $0.0075 dividend. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Wednesday, June 29th. Secure Energy Services’s dividend payout ratio is currently -4.93%.
About Secure Energy Services (Get Rating)
Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The company’s Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.
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