FY2017 EPS Estimates for Secure Energy Services Inc (TSE:SES) Reduced by Analyst
Secure Energy Services Inc (TSE:SES) – Equities research analysts at National Bank Financial reduced their FY2017 earnings estimates for shares of Secure Energy Services in a research note issued to investors on Wednesday. National Bank Financial analyst G. Colman now forecasts that the company will earn $0.04 per share for the year, down from their previous forecast of $0.06. National Bank Financial also issued estimates for Secure Energy Services’ FY2018 earnings at $0.17 EPS.
A number of other brokerages also recently commented on SES. Scotiabank restated a “sector perform” rating and issued a C$13.50 target price on shares of Secure Energy Services in a research note on Tuesday, April 18th. Raymond James Financial, Inc. restated a “strong-buy” rating and issued 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 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 Secure Energy Services from C$13.25 to C$11.00 in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$12.81.
In other Secure Energy Services news, insider Daniel Steinke sold 5,093 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of C$8.06, for a total value of C$41,049.58.
The business also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a $0.021 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.96%. This is a boost from Secure Energy Services’s previous monthly dividend of $0.02.
About Secure Energy Services
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.
Receive News & Ratings for Secure Energy Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secure Energy Services Inc and related companies with MarketBeat.com's FREE daily email newsletter.