Secure Energy Services (TSE:SES) Sets New 1-Year High at $11.94

Secure Energy Services Inc. (TSE:SESGet Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as C$11.94 and last traded at C$11.90, with a volume of 334042 shares. The stock had previously closed at C$11.55.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SES shares. National Bankshares upped their target price on Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Royal Bank of Canada upped their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a report on Tuesday, February 27th. Cormark upped their target price on Secure Energy Services from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. CIBC upped their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Finally, Stifel Nicolaus upped their target price on Secure Energy Services from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$13.25.

Check Out Our Latest Stock Report on Secure Energy Services

Secure Energy Services Trading Up 4.5 %

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 firm has a 50 day moving average of C$11.41 and a 200 day moving average of C$10.50. The firm has a market cap of C$3.18 billion, a PE ratio of 6.22, a P/E/G 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 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.12). Secure Energy Services had a net margin of 6.12% and a return on equity of 41.83%. The firm had revenue of C$360.00 million during the quarter, compared to analysts’ expectations of C$351.30 million. Equities analysts anticipate that Secure Energy Services Inc. will post 0.699877 earnings per share for the current year.

Secure Energy Services Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.31%. Secure Energy Services’s dividend payout ratio is currently 20.62%.

Insiders Place Their Bets

In other Secure Energy Services news, Senior Officer James Darryl Anderson sold 65,000 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$11.50, for a total transaction of C$747,500.00. In related news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$137,356.34. Also, Senior Officer James Darryl Anderson sold 65,000 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$11.50, for a total value of C$747,500.00. Insiders have sold a total of 873,914 shares of company stock worth $9,942,653 over the last 90 days. Corporate insiders own 0.93% of the company’s stock.

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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