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

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SES. Stifel Nicolaus raised their price target on 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. Raymond James raised their price target on Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday, April 26th. National Bankshares raised their price target on Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Cormark lifted 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 report on Tuesday, February 27th. Finally, BMO Capital Markets lifted their target price on Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Secure Energy Services presently has an average rating of “Moderate Buy” and a consensus target price of C$13.25.

Secure Energy Services Price Performance

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 firm has a fifty day moving average of C$11.45 and a two-hundred day moving average of C$10.84. The stock has a market capitalization of C$3.15 billion, a P/E ratio of 6.18, a P/E/G ratio of 0.17 and a beta of 2.55.

Secure Energy Services (TSE:SES) last posted its earnings results on Thursday, April 25th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of C$360.00 million during the quarter, compared to analysts’ expectations of C$351.30 million. On average, analysts predict that Secure Energy Services Inc. will post 0.699877 EPS for the current year.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders 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 annualized dividend and a yield of 3.34%. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.62%.

Insider Transactions at Secure Energy Services

In other Secure Energy Services news, Senior Officer Allen Peter Gransch purchased 106,620 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average price of C$11.66 per share, for a total transaction of C$1,243,189.20. In other Secure Energy Services news, Senior Officer Allen Peter Gransch purchased 106,620 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average price of C$11.66 per share, for a total transaction of C$1,243,189.20. Also, Senior Officer Corey Ray Higham purchased 208,949 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were acquired at an average price of C$11.58 per share, for a total transaction of C$2,419,504.05. Over the last 90 days, insiders have acquired 323,569 shares of company stock worth $3,752,369 and have sold 173,125 shares worth $2,018,144. Insiders own 0.93% of the company’s stock.

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.