Secure Energy Services (SES) to Release Earnings on Thursday

Secure Energy Services (TSE:SES) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Secure Energy Services to post earnings of C$0.18 per share for the quarter.

Secure Energy Services (TSE:SES) last released its quarterly earnings data on Monday, February 26th. The company reported C$0.20 EPS for the quarter, hitting analysts’ consensus estimates of C$0.20. The company had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%.

Secure Energy Services Price Performance

TSE:SES opened at C$11.24 on Thursday. The company has a market capitalization of C$3.15 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.17 and a beta of 2.58. 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 company has a 50-day moving average of C$11.19 and a 200-day moving average of C$9.51. Secure Energy Services has a 52 week low of C$5.81 and a 52 week high of C$11.92.

Secure Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.56%. The ex-dividend date was Thursday, March 28th. Secure Energy Services’s payout ratio is presently 61.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SES. Cormark lifted their price target on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. ATB Capital set a C$13.00 price target on shares of Secure Energy Services and gave the company an “outperform” rating in a research note on Monday, March 25th. National Bankshares boosted their price objective on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Raymond James boosted their price objective on shares of Secure Energy Services from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus boosted their target price on shares of Secure Energy Services from C$11.25 to C$12.50 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$13.09.

Insider Buying and Selling

In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the company’s 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 value of C$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. In the last ninety days, insiders have sold 751,914 shares of company stock valued at $8,529,853. 0.88% of the stock is owned by insiders.

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.