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

Secure Energy Services Inc. (TSE:SES) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$13.97.

Several analysts have recently issued reports on the company. CIBC upped their price objective on Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. Raymond James upped 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 report on Wednesday, July 31st. BMO Capital Markets upped their price objective on Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. National Bankshares upped their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. Finally, ATB Capital increased their target price 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.

Insiders Place Their Bets

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00. In related news, Senior Officer Corey Ray Higham purchased 17,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of C$11.80 per share, with a total value of C$200,560.90. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction that occurred 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. Insiders have sold a total of 58,161 shares of company stock valued at $695,972 in the last quarter. Insiders own 0.94% of the company’s stock.

Secure Energy Services Trading Down 2.7 %

Shares of SES stock opened at C$12.10 on Monday. The business’s fifty day moving average price is C$11.86 and its 200 day moving average price is C$11.65. Secure Energy Services has a 1-year low of C$6.98 and a 1-year high of C$12.75. The firm has a market capitalization of C$2.91 billion, a PE ratio of 6.05, 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 posted 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, October 1st. Secure Energy Services’s dividend payout ratio is presently 20.00%.

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.