Raymond James Brokers Lift Earnings Estimates for Secure Energy Services Inc. (TSE:SES)

Secure Energy Services Inc. (TSE:SESGet Rating) – Analysts at Raymond James lifted their FY2022 earnings per share (EPS) estimates for shares of Secure Energy Services in a research report issued to clients and investors on Tuesday, July 12th. Raymond James analyst A. Bradford now anticipates that the company will post earnings of $0.57 per share for the year, up from their prior forecast of $0.55. Raymond James currently has a “Strong-Buy” rating and a $8.75 target price on the stock. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.49 per share. Secure Energy Services (TSE:SESGet Rating) last issued its earnings results on Thursday, April 28th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.04 by C$0.08. The business had revenue of C$359.00 million for the quarter, compared to analysts’ expectations of C$350.00 million.

Several other analysts have also commented on the company. Royal Bank of Canada lifted their price objective on Secure Energy Services from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. National Bankshares raised their price objective on shares of Secure Energy Services from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. CIBC upped their target price on shares of Secure Energy Services from C$7.50 to C$8.00 in a report on Monday, May 2nd. TD Securities lifted their price target on shares of Secure Energy Services from C$7.50 to C$8.00 and gave the stock a “buy” rating in a research note on Friday, April 29th. Finally, BMO Capital Markets restated a “buy” rating and issued a C$9.00 price objective (up from C$8.00) on shares of Secure Energy Services in a research note on Friday, April 29th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Secure Energy Services presently 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$5.57 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.06 and a debt-to-equity ratio of 106.11. Secure Energy Services has a 12-month low of C$3.73 and a 12-month high of C$7.58. The stock has a market capitalization of C$1.73 billion and a P/E ratio of -9.16. The firm’s 50 day moving average is C$6.50 and its 200 day moving average is C$6.05.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 15th will be issued a dividend of $0.0075 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, June 29th. Secure Energy Services’s dividend payout ratio (DPR) is presently -4.93%.

In related news, Senior Officer Allen Peter Gransch sold 38,756 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were 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 of the company’s stock, valued at approximately C$2,526,943.69. Also, Senior Officer Michael Francis Guy Mikuska sold 20,000 shares of Secure Energy Services stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of C$6.99, for a total transaction of C$139,800.00. Following the sale, the insider now directly owns 159,604 shares of the company’s stock, valued at approximately C$1,115,631.96. In the last 90 days, insiders have sold 136,832 shares of company stock valued at $933,345.

Secure Energy Services Company Profile (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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Earnings History and Estimates for Secure Energy Services (TSE:SES)

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