Secure Energy Services Inc. (TSE:SES) Receives C$13.25 Consensus Target Price from Analysts

Secure Energy Services Inc. (TSE:SES) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$13.25.

Several brokerages have issued reports on SES. National Bankshares upped their target price on Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. 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. Stifel Nicolaus increased 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 note on Thursday, April 18th. CIBC raised 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 report on Monday, April 22nd. Finally, Raymond James upped their price objective on Secure Energy Services from C$13.25 to C$13.50 and gave the company an “outperform” rating in a report on Friday, April 26th.

Secure Energy Services Stock Down 0.5 %

SES opened at C$11.32 on Friday. The company has a market cap of C$3.17 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. Secure Energy Services has a twelve month low of C$5.87 and a twelve month high of C$11.92. The company has a 50-day moving average price of C$11.38 and a 200 day moving average price of C$9.87. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92.

Secure Energy Services (TSE:SES) last issued its quarterly earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, hitting the consensus estimate of C$0.20. The firm had revenue of C$451.00 million during the quarter, compared to analysts’ expectations of C$429.00 million. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. Sell-side analysts expect that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a $0.10 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.53%. Secure Energy Services’s payout ratio is 61.54%.

Insiders Place Their Bets

In related news, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. In other Secure Energy Services news, Director Rene Amirault sold 731,807 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$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. In the last three months, insiders have sold 816,914 shares of company stock valued at $9,285,153. Insiders own 0.88% 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.