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

Secure Energy Services Inc. (TSE:SES) announced a quarterly dividend on Monday, September 16th, Zacks reports. Investors 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 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Tuesday, October 1st.

Secure Energy Services Trading Down 0.5 %

TSE:SES opened at C$11.89 on Wednesday. Secure Energy Services has a 1 year low of C$6.98 and a 1 year high of C$12.59. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The stock has a fifty day moving average price of C$11.80 and a two-hundred day moving average price of C$11.60. The stock has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.17 and a beta of 2.43.

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 analysts’ consensus estimates of C$0.14 by C($0.02). The company had revenue of C$337.00 million during the quarter. Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. As a group, sell-side analysts anticipate that Secure Energy Services will post 0.7849462 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Allen Peter Gransch purchased 106,620 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were bought at an average cost of C$11.66 per share, with a total value of C$1,243,189.20. In other Secure Energy Services news, Senior Officer Allen Peter Gransch purchased 106,620 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was bought at an average cost of C$11.66 per share, for a total transaction of C$1,243,189.20. Also, Senior Officer Corey Ray Higham purchased 17,000 shares of Secure Energy Services stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of C$11.80 per share, for a total transaction of C$200,560.90. In the last quarter, insiders purchased 133,620 shares of company stock worth $1,558,950. 0.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SES. CIBC lifted their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. ATB Capital boosted 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 raised their price target 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. BMO Capital Markets lifted their price target on Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Secure Energy Services presently has a consensus rating of “Moderate Buy” and an average price target of C$13.97.

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.