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

Secure Energy Services Inc. (TSE:SESGet Rating) shares crossed 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 analysts have issued reports on SES shares. TD Securities raised their target price on Secure Energy Services from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Raymond James raised their price objective on Secure Energy Services from C$8.50 to C$8.75 and gave the stock a “strong-buy” rating in a research report on Tuesday, May 31st. Finally, Stifel Nicolaus raised their price objective on Secure Energy Services from C$9.75 to C$10.00 in a research report on Thursday, July 28th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Secure Energy Services has a consensus rating of “Buy” and a consensus target price of C$8.50.

Secure Energy Services Stock Performance

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

Secure Energy Services (TSE:SESGet Rating) last announced its quarterly earnings data 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 company had revenue of C$355.00 million during the quarter, compared to analysts’ expectations of C$320.30 million. On average, sell-side analysts anticipate that Secure Energy Services Inc. will post 0.6 EPS for the current fiscal year.

Secure Energy Services Announces Dividend

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

Insider Activity

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

Secure Energy Services Company Profile

(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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