Brokerages Set Secure Energy Services Inc. (TSE:SES) Target Price at C$13.25

Secure Energy Services Inc. (TSE:SES) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$13.25.

Several research firms have recently weighed in on SES. Raymond James lifted their price objective on Secure Energy Services from C$13.25 to C$13.50 and gave the company an “outperform” rating in a report on Friday, April 26th. Stifel Nicolaus increased their price objective on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets raised their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Tuesday, April 23rd. CIBC upped their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Finally, ATB Capital lifted their price target on Secure Energy Services from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, April 26th.

Insider Activity

In other Secure Energy Services news, Director Rene Amirault sold 43,125 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$11.95, for a total transaction of C$515,343.75. In other news, Senior Officer Michael Wayne Callihoo bought 3,600 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were bought at an average cost of C$11.16 per share, with a total value of C$40,176.00. Also, Director Rene Amirault sold 43,125 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total transaction of C$515,343.75. In the last quarter, insiders purchased 323,569 shares of company stock worth $3,752,369 and sold 173,125 shares worth $2,018,144. 0.93% of the stock is owned by corporate insiders.

Secure Energy Services Trading Up 2.7 %

SES opened at C$11.87 on Friday. The firm’s fifty day moving average is C$11.44 and its two-hundred day moving average is C$10.81. The firm has a market cap of C$3.12 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55. Secure Energy Services has a twelve month low of C$5.90 and a twelve month high of C$12.10. The company has a debt-to-equity ratio of 28.54, a quick ratio of 1.10 and a current ratio of 1.71.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Thursday, April 25th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.12). Secure Energy Services had a return on equity of 41.83% and a net margin of 6.12%. The business had revenue of C$360.00 million for the quarter, compared to analyst estimates of C$351.30 million. Equities research analysts anticipate that Secure Energy Services will post 0.699877 EPS for the current year.

Secure Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.40 annualized dividend and a yield of 3.37%. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.62%.

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.