Secure Energy Services Inc. (TSE:SES) Receives C$14.88 Consensus Price Target from Analysts

Secure Energy Services Inc. (TSE:SES) has received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$14.88.

Several brokerages have recently issued reports on SES. Scotiabank set a C$16.00 price target on Secure Energy Services and gave the company an “outperform” rating in a report on Friday, October 4th. CIBC lifted their price target on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. National Bankshares lifted their price target on Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. Raymond James lifted their price target on Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Eight Capital set a C$20.00 target price on Secure Energy Services and gave the stock a “buy” rating in a report on Wednesday, October 9th.

Secure Energy Services Trading Up 1.3 %

TSE:SES opened at C$13.77 on Friday. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. Secure Energy Services has a fifty-two week low of C$7.47 and a fifty-two week high of C$14.21. The stock’s 50-day moving average is C$12.53 and its two-hundred day moving average is C$11.92. The stock has a market cap of C$3.31 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 5.62% and a return on equity of 50.56%. As a group, equities research analysts forecast that Secure Energy Services will post 0.7671625 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.90%. 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 company’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 transaction of C$538,121.90. 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 transaction of C$538,121.90. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. Insiders sold a total of 73,016 shares of company stock worth $877,203 over the last three months. 0.95% of the stock is currently 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.