Secure Energy Services (SES) Set to Announce Earnings on Thursday

Secure Energy Services (TSE:SES) will be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Secure Energy Services to post earnings of C$0.18 per share for the quarter.

Secure Energy Services (TSE:SES) last announced its quarterly earnings data on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.20. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. The company had revenue of C$451.00 million for the quarter, compared to analysts’ expectations of C$429.00 million.

Secure Energy Services Stock Down 0.4 %

SES stock opened at C$10.99 on Tuesday. The firm has a market cap of C$3.08 billion, a PE ratio of 16.91, a P/E/G ratio of 0.17 and a beta of 2.58. Secure Energy Services has a 12 month low of C$5.81 and a 12 month high of C$11.92. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. The firm has a 50 day simple moving average of C$11.22 and a 200 day simple moving average of C$9.58.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.64%. Secure Energy Services’s dividend payout ratio (DPR) is presently 61.54%.

Insider Activity at Secure Energy Services

In other news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of Secure Energy Services stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$137,356.34. In other news, Director Rene Amirault sold 731,807 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$137,356.34. In the last three months, insiders have sold 751,914 shares of company stock worth $8,529,853. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

SES has been the topic of a number of recent research reports. 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 report on Tuesday, February 27th. CIBC raised their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a report on Monday. BMO Capital Markets lifted their target price on shares of Secure Energy Services from C$14.00 to C$16.00 in a research report on Thursday, March 28th. Royal Bank of Canada upped their price target on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus upped their price target on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the company a “buy” rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.34.

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.