Secure Energy Services (SES) Scheduled to Post Quarterly Earnings on Wednesday

Secure Energy Services (TSE:SES) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Secure Energy Services to post earnings of C$0.18 per share for the quarter.

Secure Energy Services (TSE:SES) last posted 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 company 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 Stock Performance

SES stock opened at C$13.30 on Wednesday. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The stock has a market capitalization of C$3.20 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 1 year low of C$7.11 and a 1 year high of C$14.21. The stock’s fifty day moving average is C$12.38 and its two-hundred day moving average is C$11.86.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s payout ratio is 20.00%.

Analyst Ratings Changes

A number of research firms have issued reports on SES. Raymond James raised their target price 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. BMO Capital Markets lifted their price objective on shares of Secure Energy Services from C$16.00 to C$17.00 in a research note on Tuesday. Scotiabank set a C$16.00 price objective on shares of Secure Energy Services and gave the company an “outperform” rating in a research note on Friday, October 4th. National Bankshares lifted their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Finally, Eight Capital set a C$20.00 price objective on shares of Secure Energy Services and gave the company a “buy” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Secure Energy Services currently has an average rating of “Moderate Buy” and a consensus price target of C$14.88.

Insider Buying and Selling

In related news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of Secure Energy Services stock in a transaction dated 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 Michael Wayne Callihoo sold 11,400 shares of Secure Energy Services stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00. Also, Director Rene Amirault sold 10,844 shares of Secure Energy Services stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$132,296.80. Insiders have sold a total of 73,016 shares of company stock valued at $877,203 over the last three months. Company insiders own 0.95% of the company’s stock.

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.