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

Secure Energy Services Inc. (TSE:SES) declared a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.10 per share on Tuesday, October 15th. This represents a $0.40 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Tuesday, October 1st.

Secure Energy Services Stock Down 0.5 %

Shares of SES opened at C$11.89 on Wednesday. Secure Energy Services has a fifty-two week low of C$6.98 and a fifty-two week high of C$12.59. The company’s fifty day moving average is C$11.80 and its two-hundred day moving average is C$11.60. The firm has a market cap of C$2.86 billion, a PE ratio of 5.98, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03.

Secure Energy Services (TSE:SES) last issued its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share 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 firm had revenue of C$337.00 million during the quarter. Analysts forecast that Secure Energy Services will post 0.7849462 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SES. CIBC boosted their target price on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. National Bankshares lifted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. BMO Capital Markets increased their price target on Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Raymond James boosted their price objective on Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, ATB Capital increased their target price on Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Secure Energy Services presently has an average rating of “Moderate Buy” and an average target price of C$13.97.

Insider Buying and Selling at Secure Energy Services

In related news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the business’s stock in a transaction dated 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 related news, Senior Officer Corey Ray Higham acquired 17,000 shares of Secure Energy Services stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of C$11.80 per share, for a total transaction of C$200,560.90. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction 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. Insiders bought a total of 133,620 shares of company stock valued at $1,558,950 in the last ninety days. Insiders own 0.94% of the company’s stock.

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.