Secure Energy Services (TSE:SES) Hits New 1-Year High – Here’s What Happened

Secure Energy Services Inc. (TSE:SES)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$13.73 and last traded at C$13.71, with a volume of 151342 shares trading hands. The stock had previously closed at C$13.34.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. ATB Capital increased their price objective on Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Scotiabank set a C$16.00 price target on Secure Energy Services and gave the company an “outperform” rating in a research note on Friday, October 4th. National Bankshares increased their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Raymond James increased their price target 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. Finally, Eight Capital set a C$20.00 price target on shares of Secure Energy Services and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$14.78.

Secure Energy Services Price Performance

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 has a market capitalization of C$3.30 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 0.17 and a beta of 2.41. The stock’s 50 day simple moving average is C$12.04 and its 200-day simple moving average is C$11.71.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The firm had revenue of C$337.00 million during the quarter. On average, analysts expect that Secure Energy Services Inc. will post 0.7844418 EPS for the current fiscal year.

Secure Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is currently 20.00%.

Insider Buying and Selling

In other Secure Energy Services news, Director Mark Bly purchased 10,000 shares of the stock in a transaction 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 Secure Energy Services news, Director Mark Bly purchased 10,000 shares of the stock in a transaction 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. Also, Director Rene Amirault sold 10,844 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$132,296.80. Over the last quarter, insiders have sold 73,016 shares of company stock valued at $877,203. 0.95% of the stock is owned by company insiders.

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.