Secure Energy Services (SES) to Release Earnings on Thursday

Secure Energy Services (TSE:SES) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Secure Energy Services to post earnings of C$0.18 per share for the quarter.

Secure Energy Services (TSE:SES) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.20. The company had revenue of C$451.00 million for the quarter, compared to analysts’ expectations of C$429.00 million. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%.

Secure Energy Services Price Performance

TSE SES opened at C$11.24 on Thursday. The stock has a market capitalization of C$3.15 billion, a P/E ratio of 17.29, a P/E/G ratio of 0.17 and a beta of 2.58. Secure Energy Services has a 1 year low of C$5.81 and a 1 year high of C$11.92. The business’s fifty day moving average is C$11.19 and its two-hundred day moving average is C$9.51. The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.56%. The ex-dividend date was Thursday, March 28th. Secure Energy Services’s payout ratio is 61.54%.

Analyst Ratings Changes

SES has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on shares of Secure Energy Services from C$14.00 to C$16.00 in a report on Thursday, March 28th. National Bankshares upped their price objective on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. ATB Capital set a C$13.00 target price on shares of Secure Energy Services and gave the company an “outperform” rating in a research note on Monday, March 25th. Stifel Nicolaus upped their target price on shares of Secure Energy Services from C$11.25 to C$12.50 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada upped their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Secure Energy Services currently has a consensus rating of “Moderate Buy” and an average target price of C$13.09.

Insider Activity

In related news, Director Rene Amirault sold 731,807 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$8,302,496.78. In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value 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 stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. Insiders have sold 751,914 shares of company stock valued at $8,529,853 over the last three months. 0.88% of the stock is owned by insiders.

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.