FY2017 EPS Estimates for Secure Energy Services Inc (SES) Reduced by Analyst
Secure Energy Services Inc (TSE:SES) – Investment analysts at National Bank Financial decreased their FY2017 earnings per share estimates for shares of Secure Energy Services in a report released on Wednesday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $0.04 per share for the year, down from their previous estimate of $0.06. National Bank Financial also issued estimates for Secure Energy Services’ FY2018 earnings at $0.17 EPS.
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Several other brokerages have also recently issued reports on SES. Scotiabank reaffirmed a “sector perform” rating and set a C$13.50 target price on shares of Secure Energy Services in a research note on Tuesday, April 18th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a C$13.15 target price on shares of Secure Energy Services in a research note on Tuesday, April 18th. Royal Bank Of Canada lowered their target price on shares of Secure Energy Services from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 3rd. Finally, Canaccord Genuity lowered their target price on shares of Secure Energy Services from C$13.25 to C$11.00 in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$12.81.
In other Secure Energy Services news, insider Daniel Steinke sold 61,667 shares of Secure Energy Services stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of C$8.02, for a total transaction of C$494,569.34.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.021 per share. This represents a $0.25 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Friday, July 28th. This is a boost from Secure Energy Services’s previous monthly dividend of $0.02.
Secure Energy Services Company Profile
Secure Energy Services Inc, an energy services company, provides specialized services to upstream oil and natural gas companies operating in the Western Canadian Sedimentary Basin and North Dakota. The companys Processing, Recovery and Disposal (PRD) division assists upstream oil and natural gas companies with the treatment and sale of crude oil, as well as the treatment, recycling, and disposal of by-products associated with oil and natural gas development and production.
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