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

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 given a dividend of 0.10 per share on Tuesday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, October 1st.

Secure Energy Services Price Performance

TSE SES opened at C$11.95 on Wednesday. The company has a 50 day moving average price of C$11.80 and a two-hundred day moving average price of C$11.60. Secure Energy Services has a 12-month low of C$6.98 and a 12-month high of C$12.59. The stock has a market capitalization of C$2.88 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 released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The business 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, equities analysts predict that Secure Energy Services will post 0.7849462 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SES. Raymond James upped their price target 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. BMO Capital Markets upped their target price on Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. ATB Capital lifted their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. National Bankshares upped their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. Finally, CIBC raised their target price on shares of Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Secure Energy Services currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.97.

Insider Transactions at Secure Energy Services

In related news, Director Mark Bly bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of C$11.52 per share, for a total transaction of C$115,200.00. In other news, Senior Officer Allen Peter Gransch acquired 106,620 shares of Secure Energy Services stock in a transaction on Thursday, June 20th. The stock was bought at an average price of C$11.66 per share, for a total transaction of C$1,243,189.20. Also, Director Mark Bly acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average cost of C$11.52 per share, for a total transaction of C$115,200.00. Over the last quarter, insiders have purchased 133,620 shares of company stock worth $1,558,950. 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.