Secure Energy Services Inc. (TSE:SES) Receives C$13.25 Average Price Target from Analysts

Secure Energy Services Inc. (TSE:SES) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$13.25.

Several research firms recently commented on SES. Raymond James upped their price target on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the company an “outperform” rating in a research note on Friday, April 26th. BMO Capital Markets upped their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. CIBC upped their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. ATB Capital upped their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Stifel Nicolaus upped their price objective on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday, April 18th.

Secure Energy Services Trading Up 0.1 %

SES stock opened at C$11.99 on Friday. The company has a debt-to-equity ratio of 28.54, a current ratio of 1.71 and a quick ratio of 1.10. The company has a fifty day moving average price of C$11.47 and a two-hundred day moving average price of C$10.85. Secure Energy Services has a one year low of C$5.90 and a one year high of C$12.10. The stock has a market cap of C$3.15 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55.

Secure Energy Services (TSE:SES) last released its quarterly earnings data on Thursday, April 25th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.12). Secure Energy Services had a return on equity of 41.83% and a net margin of 6.12%. The company had revenue of C$360.00 million for the quarter, compared to the consensus estimate of C$351.30 million. Equities analysts anticipate that Secure Energy Services will post 0.699877 EPS for the current year.

Secure Energy Services Announces Dividend

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

Insider Activity

In other news, Senior Officer Michael Wayne Callihoo acquired 3,600 shares of the stock in a transaction dated Thursday, May 9th. The stock was bought at an average price of C$11.16 per share, with a total value of C$40,176.00. In other news, Senior Officer Michael Wayne Callihoo bought 3,600 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was acquired at an average price of C$11.16 per share, with a total value of C$40,176.00. Also, Senior Officer Allen Peter Gransch bought 106,620 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were purchased at an average cost of C$11.66 per share, with a total value of C$1,243,189.20. Over the last quarter, insiders bought 323,569 shares of company stock valued at $3,752,369 and sold 173,125 shares valued at $2,018,144. 0.93% 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.