National Bank Financial Equities Analysts Decrease Earnings Estimates for Secure Energy Services Inc (SES)

Secure Energy Services Inc (TSE:SES) – Equities researchers at National Bank Financial dropped their Q2 2019 EPS estimates for shares of Secure Energy Services in a note issued to investors on Tuesday, April 30th, according to Zacks Investment Research. National Bank Financial analyst G. Colman now expects that the company will post earnings of $0.00 per share for the quarter, down from their previous forecast of $0.02. National Bank Financial has a “Outperform” rating and a $12.00 price target on the stock. National Bank Financial also issued estimates for Secure Energy Services’ Q3 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.07 EPS.

Several other analysts have also issued reports on SES. CIBC boosted their price target on Secure Energy Services from C$9.00 to C$10.00 in a report on Wednesday, February 27th. Raymond James set a C$13.50 price target on Secure Energy Services and gave the company a “strong-buy” rating in a report on Tuesday, April 30th. Canaccord Genuity boosted their price target on Secure Energy Services from C$10.50 to C$11.00 in a report on Wednesday, February 27th. Cormark cut their price target on Secure Energy Services from C$11.50 to C$11.00 in a report on Wednesday, May 1st. Finally, TD Securities boosted their price target on Secure Energy Services from C$10.00 to C$11.50 and gave the company a “buy” rating in a report on Thursday, February 28th.

Secure Energy Services stock traded down C$0.18 during mid-day trading on Thursday, reaching C$7.57. 208,798 shares of the stock traded hands, compared to its average volume of 403,474. The stock has a market cap of $1.21 billion and a PE ratio of 84.11. The company has a debt-to-equity ratio of 54.68, a quick ratio of 1.25 and a current ratio of 1.58. Secure Energy Services has a 12-month low of C$6.25 and a 12-month high of C$9.44.

Secure Energy Services (TSE:SES) last posted its quarterly earnings data on Tuesday, February 26th. The company reported C$0.09 EPS for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.01. The firm had revenue of C$683.05 million for the quarter, compared to analysts’ expectations of C$741.35 million.

In other news, Director Rene Amirault sold 68,019 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$8.25, for a total value of C$561,156.75. Following the completion of the transaction, the director now owns 1,391,022 shares of the company’s stock, valued at C$11,475,931.50. Also, Director Daniel Steinke sold 25,103 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$8.55, for a total value of C$214,630.65. Following the completion of the transaction, the director now directly owns 563,367 shares of the company’s stock, valued at approximately C$4,816,787.85. Insiders have sold 134,357 shares of company stock valued at $1,122,216 in the last three months.

The business also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.0225 per share. This represents a $0.27 annualized dividend and a yield of 3.57%. The ex-dividend date was Tuesday, April 30th. Secure Energy Services’s dividend payout ratio is presently 300.00%.

Secure Energy Services Company Profile

Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.

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Earnings History and Estimates for Secure Energy Services (TSE:SES)

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