Secure Energy Services Inc. to Post FY2025 Earnings of $0.75 Per Share, National Bank Financial Forecasts (TSE:SES)

Secure Energy Services Inc. (TSE:SES) – Stock analysts at National Bank Financial raised their FY2025 earnings per share (EPS) estimates for shares of Secure Energy Services in a note issued to investors on Wednesday, July 31st. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $0.75 for the year, up from their prior forecast of $0.59. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.70 per share.

Several other research firms have also commented on SES. ATB Capital lifted their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. National Bankshares lifted their target price on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. CIBC increased their price target on Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. BMO Capital Markets boosted their price objective on Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Raymond James upped their price objective on Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.97.

Secure Energy Services Stock Performance

SES stock opened at C$11.46 on Monday. The firm has a market cap of C$3.02 billion, a P/E ratio of 5.91, a P/E/G ratio of 0.17 and a beta of 2.55. The stock’s 50 day simple moving average is C$11.74 and its 200 day simple moving average is C$11.33. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 28.54. Secure Energy Services has a 12-month low of C$6.70 and a 12-month high of C$12.53.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.49%. Secure Energy Services’s payout ratio is 20.62%.

Insiders Place Their Bets

In other news, Director Rene Amirault sold 43,125 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total value of C$515,343.75. In other Secure Energy Services news, Senior Officer Allen Peter Gransch purchased 106,620 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were bought at an average price of C$11.66 per share, for a total transaction of C$1,243,189.20. Also, Director Rene Amirault sold 43,125 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$11.95, for a total value of C$515,343.75. Insiders purchased a total of 323,569 shares of company stock worth $3,752,369 in the last quarter. 0.93% of the stock is currently owned by corporate insiders.

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.