Brokerages Set Secure Energy Services Inc. (TSE:SES) PT at C$13.25

Secure Energy Services Inc. (TSE:SES) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$13.25.

SES has been the topic of a number of recent research reports. CIBC boosted their price target 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. Stifel Nicolaus boosted their price target 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. ATB Capital lifted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Raymond James lifted their target price on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets lifted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd.

Insider Activity

In related news, Director Rene Amirault sold 43,125 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total transaction of C$515,343.75. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo bought 3,600 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average cost of C$11.16 per share, with a total value of C$40,176.00. Also, Director Rene Amirault sold 43,125 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$11.95, for a total transaction of C$515,343.75. In the last three months, insiders have purchased 323,569 shares of company stock valued at $3,752,369 and have sold 173,125 shares valued at $2,018,144. Insiders own 0.93% of the company’s stock.

Secure Energy Services Stock Up 0.1 %

Shares of TSE SES opened at C$11.99 on Friday. The firm 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 has a 52-week low of C$5.90 and a 52-week high of C$12.10. The company’s 50-day simple moving average is C$11.47 and its 200-day simple moving average is C$10.85. The company has a quick ratio of 1.10, a current ratio of 1.71 and a debt-to-equity ratio of 28.54.

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

Secure Energy Services Announces Dividend

The business also recently declared 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 dividend on an annualized basis 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 (DPR) is 20.62%.

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.