Michael Wayne Callihoo Sells 11,400 Shares of Secure Energy Services Inc. (TSE:SES) Stock

Secure Energy Services Inc. (TSE:SES) Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00.

Michael Wayne Callihoo also recently made the following trade(s):

• On Monday, August 26th, Michael Wayne Callihoo sold 1,000 shares of Secure Energy Services stock. The stock was sold at an average price of C$12.50, for a total value of C$12,500.00.

Secure Energy Services Price Performance

Secure Energy Services stock traded down C$0.18 during mid-day trading on Thursday, reaching C$12.44. The company had a trading volume of 1,016,320 shares, compared to its average volume of 724,001. The company has a market capitalization of C$2.99 billion, a P/E ratio of 6.31, a P/E/G ratio of 0.17 and a beta of 2.43. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. The stock’s 50-day simple moving average is C$11.84 and its 200-day simple moving average is C$11.63. Secure Energy Services Inc. has a 1 year low of C$6.98 and a 1 year high of C$12.75.

Secure Energy Services (TSE:SES) last announced its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The firm had revenue of C$337.00 million during the quarter. Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%.

Secure Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.40 annualized dividend and a yield of 3.22%. Secure Energy Services’s payout ratio is 20.00%.

Wall Street Analyst Weigh In

SES has been the topic of a number of research reports. Raymond James upped their price target on Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. National Bankshares increased their target price on Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. BMO Capital Markets upped their target price on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. ATB Capital raised their price target on Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, CIBC raised their price target on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$13.97.

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.