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

Secure Energy Services Inc. (TSE:SES) declared a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Tuesday, October 1st will be given a dividend of 0.10 per share on Tuesday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, October 1st.

Secure Energy Services Stock Down 2.7 %

Shares of Secure Energy Services stock opened at C$12.10 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. Secure Energy Services has a twelve month low of C$6.98 and a twelve month high of C$12.75. The stock has a market cap of C$2.91 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43. The company has a fifty day moving average price of C$11.86 and a 200 day moving average price of C$11.64.

Secure Energy Services (TSE:SES) last posted its 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). The firm had revenue of C$337.00 million for the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%.

Insider Buying and Selling at Secure Energy Services

In related news, Senior Officer Corey Ray Higham acquired 17,000 shares of Secure Energy Services stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of C$11.80 per share, with a total value of C$200,560.90. In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the business’s stock in a transaction 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. Also, Senior Officer Corey Ray Higham bought 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of C$11.80 per share, with a total value of C$200,560.90. Over the last 90 days, insiders have sold 58,161 shares of company stock worth $695,972. 0.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.