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Secure Energy Services ( (TSE:SES) ) has provided an update.
Secure Energy Services has announced the final results of its substantial issuer bid, where it will purchase 9,382,390 shares at $14.50 each, totaling approximately $136 million. This move represents about 4% of the company’s issued shares, and after the buyback, the company will have 221,492,148 shares outstanding. The transaction is expected to impact the company’s share structure and potentially its market positioning, while shareholders are advised to consider tax implications of the deemed dividend from the share repurchase.
The most recent analyst rating on (TSE:SES) stock is a Hold with a C$15.00 price target. To see the full list of analyst forecasts on Secure Energy Services stock, see the TSE:SES Stock Forecast page.
Spark’s Take on TSE:SES Stock
According to Spark, TipRanks’ AI Analyst, TSE:SES is a Outperform.
Secure Energy Services demonstrates strong financial performance, strategic growth initiatives, and effective cash management, contributing to a robust overall score. Valuation is reasonable, and recent earnings and corporate events further bolster confidence. Technical analysis highlights some short-term market challenges, and increased debt levels pose risks. Overall, the company presents a compelling investment opportunity with caution advised due to market conditions.
To see Spark’s full report on TSE:SES stock, click here.
More about Secure Energy Services
Secure Energy Services operates in the waste infrastructure sector, focusing on providing waste management and environmental solutions. The company is primarily involved in the treatment, recovery, and disposal of waste materials, serving various industries with a market focus on sustainable and efficient waste management practices.
Average Trading Volume: 942,541
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.31B
Find detailed analytics on SES stock on TipRanks’ Stock Analysis page.