Secure Energy Services Inc. (TSE:SES – Get Rating) – Research analysts at Cormark increased their FY2022 EPS estimates for shares of Secure Energy Services in a research report issued to clients and investors on Thursday, July 28th. Cormark analyst B. Watson now forecasts that the company will post earnings per share of $0.57 for the year, up from their prior forecast of $0.35. The consensus estimate for Secure Energy Services' current full-year earnings is $0.50 per share.
Get Secure Energy Services alerts:A number of other equities analysts have also issued reports on SES. Raymond James raised their price target on shares of 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. Stifel Nicolaus raised their price target on shares of Secure Energy Services from C$9.75 to C$10.00 in a research report on Thursday. Royal Bank of Canada raised their price target on shares of Secure Energy Services from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research report on Friday, April 29th. CIBC lifted their target price on shares of Secure Energy Services from C$7.50 to C$8.00 in a report on Monday, May 2nd. Finally, National Bankshares lifted their target price on shares of Secure Energy Services from C$8.00 to C$9.00 and gave the company an "outperform" rating in a report on Friday, April 29th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$8.50.
Secure Energy Services Stock Performance
SES opened at C$6.42 on Monday. Secure Energy Services has a 12-month low of C$3.73 and a 12-month high of C$7.58. The company has a current ratio of 1.31, a quick ratio of 1.06 and a debt-to-equity ratio of 106.11. The firm has a market capitalization of C$1.99 billion and a PE ratio of -10.56. The firm has a 50 day moving average of C$6.33 and a two-hundred day moving average of C$6.11.Secure Energy Services (TSE:SES – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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.
Insider Activity at Secure Energy Services
In related news, 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 sale, the insider now owns 159,604 shares of the company's stock, valued at approximately C$1,115,631.96. In related news, 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 sale, the insider now owns 159,604 shares of the company's stock, valued at approximately C$1,115,631.96. Also, Senior Officer Allen Peter Gransch sold 38,756 shares of Secure Energy Services stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of C$6.39, for a total transaction of C$247,794.24. Following the completion of the sale, the insider now directly owns 395,224 shares in the company, valued at approximately C$2,526,943.69. In the last quarter, insiders have sold 136,832 shares of company stock valued at $933,345.
Secure Energy Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 15th were paid a $0.0075 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.03 dividend on an annualized basis and a yield of 0.47%. Secure Energy Services's dividend payout ratio is currently -4.93%.
About Secure Energy Services
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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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