Secure Energy Services (TSE:SES) Share Price Crosses Below 200 Day Moving Average of $6.08

Secure Energy Services Inc. (TSE:SESGet Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.08 and traded as low as C$5.72. Secure Energy Services shares last traded at C$5.76, with a volume of 469,288 shares.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stifel Nicolaus increased their target price on Secure Energy Services from C$9.75 to C$10.00 in a report on Thursday, July 28th. TD Securities raised their price target on Secure Energy Services from C$8.00 to C$8.50 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Raymond James raised their price target on Secure Energy Services from C$8.50 to C$8.75 and gave the stock a “strong-buy” rating in a report on Tuesday, May 31st. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$8.50.

Secure Energy Services Trading Down 1.9 %

The company has a market capitalization of C$1.78 billion and a price-to-earnings ratio of -9.47. The firm has a 50-day moving average price of C$5.94 and a 200-day moving average price of C$6.08. The company has a current ratio of 1.33, a quick ratio of 1.08 and a debt-to-equity ratio of 98.59.

Secure Energy Services (TSE:SESGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported C$0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.08 by C$0.09. The firm had revenue of C$355.00 million for the quarter, compared to analyst estimates of C$320.30 million. As a group, sell-side analysts predict that Secure Energy Services Inc. will post 0.6 EPS for the current year.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 15th were given a dividend of $0.0075 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Wednesday, June 29th. Secure Energy Services’s dividend payout ratio (DPR) is presently -4.93%.

Insider Buying and Selling

In related news, Director Rene Amirault bought 9,700 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average cost of C$5.64 per share, for a total transaction of C$54,727.40. Following the acquisition, the director now directly owns 445,873 shares of the company’s stock, valued at approximately C$2,515,615.47.

About Secure Energy Services

(Get Rating)

Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The company's Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.

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