Secure Energy Services Inc. Announces Quarterly Dividend of $0.10 (TSE:SES)

Secure Energy Services Inc. (TSE:SES) declared a quarterly dividend on Monday, June 17th, Zacks reports. Stockholders of record on Monday, July 1st will be paid a dividend of 0.10 per share on Monday, July 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Monday, July 1st.

Secure Energy Services Stock Up 1.5 %

SES opened at C$12.11 on Friday. The company has a debt-to-equity ratio of 28.54, a quick ratio of 1.10 and a current ratio of 1.71. The business has a 50 day moving average price of C$11.51 and a 200 day moving average price of C$10.89. The firm has a market cap of C$3.19 billion, a P/E ratio of 6.24, 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$5.93 and a twelve month high of C$12.15.

Secure Energy Services (TSE:SES) last released its earnings results on Thursday, April 25th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.12). The firm had revenue of C$360.00 million for the quarter, compared to analyst estimates of C$351.30 million. Secure Energy Services had a return on equity of 41.83% and a net margin of 6.12%. Research analysts forecast that Secure Energy Services will post 0.699877 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus boosted 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 report on Thursday, April 18th. CIBC raised their price objective on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Raymond James lifted their price objective on Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets raised their target price on Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Finally, ATB Capital lifted their price target on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.25.

Insider Buying and Selling

In other news, Senior Officer Michael Wayne Callihoo bought 3,600 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of C$11.16 per share, for a total transaction of C$40,176.00. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo purchased 3,600 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were bought at an average price 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 business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total value of C$515,343.75. In the last 90 days, insiders have bought 323,569 shares of company stock valued at $3,752,369 and have sold 173,125 shares valued at $2,018,144. 0.93% of the stock is owned by insiders.

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.