Secure Energy Services (TSE:SES) Hits New 1-Year High at $12.59

Secure Energy Services Inc. (TSE:SES) hit a new 52-week high during trading on Tuesday . The company traded as high as C$12.59 and last traded at C$12.57, with a volume of 22436 shares. The stock had previously closed at C$12.50.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SES. National Bankshares boosted their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. Raymond James lifted their price objective on Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. CIBC lifted their price target on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. BMO Capital Markets raised their target price on shares of 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, ATB Capital lifted their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$13.97.

Secure Energy Services Stock Up 1.1 %

The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The firm has a 50-day moving average of C$11.82 and a 200 day moving average of C$11.62. The stock has a market capitalization of C$3.04 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43.

Secure Energy Services (TSE:SES) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$0.12 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 business had revenue of C$337.00 million during the quarter. On average, sell-side analysts anticipate that Secure Energy Services Inc. will post 0.7849462 earnings per share for the current year.

Secure Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.16%. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.00%.

Insider Transactions at Secure Energy Services

In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the business’s stock in a transaction that occurred 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 other news, Senior Officer Corey Ray Higham purchased 17,000 shares of Secure Energy Services stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of C$11.80 per share, with a total value of C$200,560.90. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total transaction of C$538,121.90. 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.