Raymond James Issues Positive Forecast for Secure Energy Services (TSE:SES) Stock Price

Secure Energy Services (TSE:SES) had its price objective boosted by Raymond James from C$14.75 to C$15.25 in a report released on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Secure Energy Services’ FY2027 earnings at $1.28 EPS and FY2028 earnings at $1.59 EPS.

Other analysts have also issued reports about the company. Eight Capital set a C$20.00 price objective on Secure Energy Services and gave the company a “buy” rating in a report on Wednesday, October 9th. 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 research note on Wednesday, July 31st. CIBC boosted their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. BMO Capital Markets increased their price objective on shares of Secure Energy Services from C$16.00 to C$17.00 in a report on Tuesday, October 22nd. Finally, National Bankshares boosted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$16.58.

Secure Energy Services Stock Performance

SES opened at C$15.51 on Thursday. The firm has a fifty day moving average price of C$12.62 and a 200 day moving average price of C$11.96. Secure Energy Services has a 1 year low of C$7.50 and a 1 year high of C$15.83. The stock has a market cap of C$3.73 billion, a P/E ratio of 7.76, a P/E/G ratio of 0.17 and a beta of 2.41. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The firm had revenue of C$337.00 million during the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. Equities research analysts anticipate that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Secure Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is 20.00%.

Insider Transactions at Secure Energy Services

In related news, Director Mark Bly acquired 10,000 shares of Secure Energy Services stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of C$11.52 per share, for a total transaction of C$115,200.00. In other Secure Energy Services news, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. Also, Director Mark Bly purchased 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average price of C$11.52 per share, with a total value of C$115,200.00. Insiders have sold a total of 73,016 shares of company stock worth $877,203 in the last ninety days. Insiders own 0.95% 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.