Secure Energy Services Inc. (TSE:SES) Director Sells C$132,296.80 in Stock

Secure Energy Services Inc. (TSE:SES) Director Rene Amirault sold 10,844 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$132,296.80.

Secure Energy Services Stock Performance

TSE:SES opened at C$13.43 on Monday. The company has a market capitalization of C$3.23 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.17 and a beta of 2.43. The business has a fifty day simple moving average of C$11.96 and a two-hundred day simple moving average of C$11.68. 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 Inc. has a 1 year low of C$6.98 and a 1 year high of C$13.65.

Secure Energy Services (TSE:SES) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The firm had revenue of C$337.00 million during the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%.

Secure Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is currently 20.00%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SES shares. National Bankshares raised their target price on Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. BMO Capital Markets raised their price objective on Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. ATB Capital upped their target price on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. CIBC raised 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. Finally, Scotiabank set a C$16.00 price objective on Secure Energy Services and gave the company an “outperform” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Secure Energy Services has a consensus rating of “Moderate Buy” and a consensus target price of C$14.19.

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.