Secure Energy Services (TSE:SES) Announces Earnings Results

Secure Energy Services (TSE:SES) released its quarterly earnings data on Wednesday. The company reported C$0.20 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$422.00 million during the quarter. Secure Energy Services had a negative net margin of 14.22% and a positive return on equity of 15.18%.

Secure Energy Services Stock Performance

Shares of Secure Energy Services stock traded up C$0.60 during trading hours on Wednesday, hitting C$23.87. 549,098 shares of the company were exchanged, compared to its average volume of 787,204. Secure Energy Services has a 1 year low of C$15.03 and a 1 year high of C$24.41. The company has a current ratio of 1.37, a quick ratio of 1.10 and a debt-to-equity ratio of 151.35. The business has a 50-day moving average of C$22.22 and a 200-day moving average of C$20.93. The stock has a market capitalization of C$5.20 billion, a price-to-earnings ratio of 44.20, a P/E/G ratio of 0.17 and a beta of 0.14.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SES. National Bank Financial upped their target price on Secure Energy Services from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Stifel Nicolaus downgraded Secure Energy Services from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$26.00 to C$23.00 in a report on Tuesday, April 14th. Canadian Imperial Bank of Commerce downgraded shares of Secure Energy Services from a “neutral” rating to a “tender” rating and upped their price target for the company from C$22.50 to C$24.75 in a research report on Tuesday, April 14th. BMO Capital Markets increased their price target on shares of Secure Energy Services from C$20.00 to C$24.75 in a research note on Tuesday, April 14th. Finally, Raymond James Financial downgraded shares of Secure Energy Services from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$22.00 to C$24.75 in a research report on Tuesday, April 14th. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Secure Energy Services currently has an average rating of “Hold” and a consensus target price of C$23.16.

About Secure Energy Services

SECURE is a leading waste management and energy infrastructure business headquartered in Calgary, Alberta. The Corporation’s extensive infrastructure network located throughout western Canada and North Dakota includes waste processing and transfer facilities, industrial landfills, metal recycling facilities, crude oil and water gathering pipelines, crude oil terminals and storage facilities. Through this infrastructure network, the Corporation carries out its principal business operations, including the collection, processing, recovery, recycling and disposal of waste streams generated by our energy and industrial customers and gathering, optimization, terminalling and storage of crude oil and natural gas liquids.