Secure Energy Services (TSE:SES) Sets New 12-Month High at $11.80

Secure Energy Services Inc. (TSE:SES)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$11.80 and last traded at C$11.79, with a volume of 36054 shares. The stock had previously closed at C$11.73.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SES. Raymond James raised their target price on shares of Secure Energy Services from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. BMO Capital Markets raised their target price on shares of Secure Energy Services from C$14.00 to C$16.00 in a report on Thursday, March 28th. CIBC raised their target price on shares of Secure Energy Services from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. National Bankshares raised their target price on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, Royal Bank of Canada raised their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$13.09.

Secure Energy Services Stock Down 2.5 %

The business’s 50 day moving average is C$11.13 and its 200 day moving average is C$9.43. The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52. The stock has a market cap of C$3.24 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.20 EPS for the quarter, hitting analysts’ consensus estimates of C$0.20. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. The firm had revenue of C$451.00 million during the quarter, compared to analyst estimates of C$429.00 million. Equities analysts expect that Secure Energy Services Inc. will post 0.6699029 earnings per share for the current year.

Secure Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Thursday, March 28th. Secure Energy Services’s dividend payout ratio (DPR) is currently 61.54%.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. In other news, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. Insiders sold 751,914 shares of company stock valued at $8,529,853 in the last quarter. Company insiders own 0.88% of the company’s stock.

Secure Energy Services Company Profile

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.