National Bank Financial Weighs in on Secure Energy Services Inc’s FY2019 Earnings (SES)

Secure Energy Services Inc (TSE:SES) – Analysts at National Bank Financial increased their FY2019 earnings per share estimates for Secure Energy Services in a report issued on Wednesday, October 31st. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $0.23 per share for the year, up from their previous estimate of $0.19.

Secure Energy Services (TSE:SES) last released its earnings results on Wednesday, August 1st. The company reported C($0.04) earnings per share for the quarter, hitting the consensus estimate of C($0.04). Secure Energy Services had a negative return on equity of 0.08% and a negative net margin of 0.03%. The business had revenue of C$719.92 million during the quarter, compared to the consensus estimate of C$711.77 million.

Several other analysts also recently weighed in on the company. BMO Capital Markets decreased their price objective on Secure Energy Services from C$13.50 to C$11.00 in a report on Thursday. Industrial Alliance Securities lifted their price objective on Secure Energy Services from C$12.25 to C$12.50 in a report on Thursday. CIBC decreased their price objective on Secure Energy Services from C$13.00 to C$10.50 in a report on Tuesday, October 16th. Finally, Raymond James lifted their price objective on Secure Energy Services from C$12.75 to C$14.50 in a report on Thursday, August 2nd.

TSE:SES opened at C$8.38 on Friday. Secure Energy Services has a twelve month low of C$6.98 and a twelve month high of C$9.82.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 15th will be issued a $0.0225 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.27 annualized dividend and a dividend yield of 3.22%.

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.

Featured Story: How Do You Calculate Return on Investment (ROI)?

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

Receive News & Ratings for Secure Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secure Energy Services and related companies with's FREE daily email newsletter.

Leave a Reply