Secure Energy Services Inc. (TSE:SES) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Secure Energy Services Inc. (TSE:SESGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$13.25.

SES has been the subject of several research analyst reports. CIBC raised their price objective on Secure Energy Services from C$11.00 to C$12.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Stifel Nicolaus raised their price target on Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Cormark raised their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Royal Bank of Canada lifted their price objective on Secure Energy Services from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 27th. Finally, Raymond James lifted their price objective on Secure Energy Services from C$13.25 to C$13.50 and gave the company an “outperform” rating in a research report on Friday, April 26th.

Check Out Our Latest Stock Report on SES

Insider Activity

In other news, Senior Officer James Darryl Anderson sold 65,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of C$11.62, for a total transaction of C$755,300.00. In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the 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. Also, Senior Officer James Darryl Anderson sold 65,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of C$11.62, for a total value of C$755,300.00. Over the last ninety days, insiders sold 816,914 shares of company stock valued at $9,285,153. 0.93% of the stock is currently owned by insiders.

Secure Energy Services Stock Up 0.4 %

Shares of TSE SES opened at C$11.44 on Tuesday. Secure Energy Services has a 52-week low of C$5.87 and a 52-week high of C$11.92. The business has a 50-day moving average price of C$11.38 and a 200 day moving average price of C$10.27. The company has a quick ratio of 1.10, a current ratio of 1.71 and a debt-to-equity ratio of 28.54. The stock has a market cap of C$3.01 billion, a PE ratio of 5.90, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55.

Secure Energy Services (TSE:SESGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.12). Secure Energy Services had a return on equity of 41.83% and a net margin of 6.12%. The company had revenue of C$360.00 million for the quarter, compared to analyst estimates of C$351.30 million. Equities research analysts forecast that Secure Energy Services will post 0.699877 earnings per share for the current year.

Secure Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Thursday, March 28th. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.62%.

Secure Energy Services Company Profile

(Get Free Report

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.

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Analyst Recommendations for Secure Energy Services (TSE:SES)

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