Secure Energy Services (TSE:SES) Sets New 12-Month High at $11.80

Secure Energy Services Inc. (TSE:SES)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$11.80 and last traded at C$11.79, with a volume of 36054 shares changing hands. The stock had previously closed at C$11.73.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SES shares. Royal Bank of Canada raised their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 27th. BMO Capital Markets lifted their price target on shares of Secure Energy Services from C$14.00 to C$16.00 in a research report on Thursday, March 28th. Cormark lifted their price target on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Raymond James lifted their price target on shares of Secure Energy Services from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Finally, National Bankshares lifted their price target on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$13.09.

Secure Energy Services Price Performance

The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52. The stock has a market capitalization of C$3.24 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 0.17 and a beta of 2.58. The company has a 50-day moving average of C$11.13 and a 200-day moving average of C$9.43.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.20. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. The firm had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. As a group, equities research analysts expect that Secure Energy Services Inc. will post 0.6699029 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.46%. Secure Energy Services’s dividend payout ratio is currently 61.54%.

Insider Buying and Selling

In related news, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$137,356.34. Insiders sold 751,914 shares of company stock worth $8,529,853 in the last ninety days. Insiders own 0.88% 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.