Secure Energy Services (TSE:SES) Sets New 1-Year High at $12.10

Shares of Secure Energy Services Inc. (TSE:SES) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$12.10 and last traded at C$12.06, with a volume of 367915 shares trading hands. The stock had previously closed at C$11.98.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus upped their target price on Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Royal Bank of Canada upped their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 27th. Raymond James upped their target price on Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Cormark upped their target price on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$13.25.

Secure Energy Services Stock Performance

The company has a market cap of C$3.15 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55. 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 company’s 50 day moving average price is C$11.45 and its 200-day moving average price is C$10.84.

Secure Energy Services (TSE:SES) last released its quarterly earnings data 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). Secure Energy Services had a net margin of 6.12% and a return on equity of 41.83%. The business had revenue of C$360.00 million during the quarter, compared to analysts’ expectations of C$351.30 million. Equities research analysts anticipate that Secure Energy Services Inc. will post 0.699877 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.34%. Secure Energy Services’s dividend payout ratio is 20.62%.

Insider Activity at Secure Energy Services

In other news, Senior Officer Michael Wayne Callihoo purchased 3,600 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of C$11.16 per share, with a total value of C$40,176.00. In related news, Senior Officer James Darryl Anderson sold 65,000 shares of Secure Energy Services stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$11.50, for a total value of C$747,500.00. Also, Senior Officer Michael Wayne Callihoo bought 3,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average price of C$11.16 per share, for a total transaction of C$40,176.00. In the last ninety days, insiders acquired 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 company 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.