Secure Energy Services (TSE:SES) Sets New 52-Week High at $12.59

Secure Energy Services Inc. (TSE:SES) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$12.59 and last traded at C$12.57, with a volume of 22436 shares trading hands. The stock had previously closed at C$12.50.

Wall Street Analyst Weigh In

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

Secure Energy Services Stock Up 1.1 %

The firm’s 50 day simple moving average is C$11.82 and its 200-day simple moving average is C$11.62. The company has a market cap of C$3.04 billion, a price-to-earnings ratio of 6.25, 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.

Secure Energy Services (TSE:SES) last announced its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The business had revenue of C$337.00 million for the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. As a group, sell-side analysts anticipate that Secure Energy Services Inc. will post 0.7849462 earnings per share for the current year.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.00%.

Insider Transactions at Secure Energy Services

In other Secure Energy Services news, Director Mark Bly acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of C$11.52 per share, with a total value of C$115,200.00. In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of Secure Energy Services stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. Also, Director Mark Bly purchased 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average price of C$11.52 per share, for a total transaction of C$115,200.00. Company insiders own 0.94% of the company’s stock.

About Secure Energy Services

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.