Secure Energy Services Inc. (TSE:SES) Given Consensus Rating of “Moderate Buy” by Brokerages

Secure Energy Services Inc. (TSE:SES) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Two equities 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 issued ratings on the stock in the last year is C$13.97.

SES has been the subject of a number of recent analyst reports. ATB Capital raised their price target on shares of 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. Raymond James raised their target price 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 upped their price target on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. BMO Capital Markets raised their price objective on Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, CIBC upped their target price on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th.

Secure Energy Services Stock Down 2.3 %

Shares of TSE:SES opened at C$11.70 on Thursday. Secure Energy Services has a 52-week low of C$6.98 and a 52-week high of C$12.59. The stock has a market cap of C$2.82 billion, a P/E ratio of 5.85, a PEG ratio of 0.17 and a beta of 2.43. The business has a fifty day moving average of C$11.89 and a two-hundred day moving average of C$11.54. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03.

Secure Energy Services (TSE:SES) last announced its quarterly earnings data 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). Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. The firm had revenue of C$337.00 million during the quarter. On average, research analysts expect that Secure Energy Services will post 0.8006452 earnings per share for the current year.

Secure Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Monday, July 1st. Secure Energy Services’s dividend payout ratio is currently 20.00%.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. In related news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Senior Officer Allen Peter Gransch bought 106,620 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was purchased at an average cost of C$11.66 per share, with a total value of C$1,243,189.20. Insiders have sold 89,886 shares of company stock valued at $1,065,966 in the last quarter. Corporate 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.