Secure Energy Services (TSE:SES) PT Raised to C$13.50

Secure Energy Services (TSE:SES) had its target price increased by Raymond James from C$13.25 to C$13.50 in a report issued on Friday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Secure Energy Services’ FY2025 earnings at $0.75 EPS and FY2028 earnings at $1.48 EPS.

Other research analysts have also issued reports about the company. National Bankshares upped their target price on Secure Energy Services from C$12.00 to C$13.00 and gave the stock an outperform rating in a research report on Tuesday, February 27th. BMO Capital Markets increased their price objective on Secure Energy Services from C$13.00 to C$14.00 in a report on Tuesday. ATB Capital raised their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the company an outperform rating in a research report on Friday. CIBC boosted their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a neutral rating in a research report on Monday, April 22nd. Finally, Stifel Nicolaus raised their price target on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the company a buy rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$13.25.

Secure Energy Services Trading Up 0.3 %

Shares of TSE:SES opened at C$11.59 on Friday. The stock has a market capitalization of C$3.25 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.17 and a beta of 2.58. The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52. The company has a 50 day moving average price of C$11.29 and a 200 day moving average price of C$9.69. Secure Energy Services has a 1-year low of C$5.81 and a 1-year high of C$11.92.

Secure Energy Services (TSE:SES) last issued its quarterly earnings results on Monday, February 26th. The company reported C$0.20 earnings per share 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 business had revenue of C$451.00 million for the quarter, compared to the consensus estimate of C$429.00 million. On average, research analysts anticipate that Secure Energy Services will post 0.6699029 EPS for the current fiscal year.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 3.45%. Secure Energy Services’s dividend payout ratio (DPR) is presently 61.54%.

Insiders Place Their Bets

In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. In other news, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction on 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 Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. Insiders have sold a total of 751,914 shares of company stock valued at $8,529,853 in the last three months. Company insiders own 0.88% of the company’s stock.

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.