Secure Energy Services (TSE:SES) Share Price Passes Above 200-Day Moving Average of $10.21

Secure Energy Services Inc. (TSE:SES)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.21 and traded as high as C$11.44. Secure Energy Services shares last traded at C$11.24, with a volume of 675,457 shares.

Wall Street Analysts Forecast Growth

SES has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets lifted their target price on Secure Energy Services from C$13.00 to C$14.00 in a report on Tuesday, April 23rd. Raymond James lifted their target price on Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, April 26th. Cormark lifted their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada lifted their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Secure Energy Services has an average rating of “Moderate Buy” and a consensus price target of C$13.25.

Secure Energy Services Price Performance

The stock has a market capitalization of C$2.96 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 28.54. The stock has a 50-day simple moving average of C$11.38 and a 200 day simple moving average of C$10.21.

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

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders 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 yield of 3.56%. Secure Energy Services’s payout ratio is presently 20.62%.

Insider Activity

In other news, Senior Officer James Darryl Anderson sold 65,000 shares of Secure Energy Services stock in a transaction dated Friday, April 26th. The stock was sold at an average price of C$11.62, for a total transaction of C$755,300.00. 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 transaction of C$137,356.34. Also, Senior Officer James Darryl Anderson sold 65,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of C$11.62, for a total value of C$755,300.00. Insiders sold a total of 816,914 shares of company stock worth $9,285,153 in the last three months. 0.93% of the stock is owned by insiders.

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.