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

Secure Energy Services (TSE:SES) had its price objective increased by Raymond James from C$13.25 to C$13.50 in a research note released on Friday morning, BayStreet.CA reports. They currently have 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.

A number of other equities research analysts have also issued reports on the company. Cormark upped their target price on Secure Energy Services from C$12.00 to C$14.00 and gave the company a buy rating in a research note on Tuesday, February 27th. National Bankshares upped their target price on Secure Energy Services from C$12.00 to C$13.00 and gave the company an outperform rating in a research note on Tuesday, February 27th. BMO Capital Markets upped their target price on Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. CIBC upped their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the company a neutral rating in a research note on Monday, April 22nd. Finally, ATB Capital upped their target price on Secure Energy Services from C$13.00 to C$14.00 and gave the company an outperform rating in a research note on Friday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of C$13.25.

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$11.77 on Friday. The business’s 50 day simple moving average is C$11.32 and its 200-day simple moving average is C$9.76. The firm has a market capitalization of C$3.30 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. Secure Energy Services has a 12 month low of C$5.81 and a 12 month high of C$11.92.

Secure Energy Services (TSE:SES) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of C$429.00 million. As a group, equities analysts forecast that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, March 28th. Secure Energy Services’s dividend payout ratio is presently 61.54%.

Insiders Place Their Bets

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. Also, Director Rene Amirault sold 731,807 shares of the 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. Insiders have sold a total of 816,914 shares of company stock valued at $9,285,153 in the last quarter. 0.88% of the stock is currently owned by company 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.