Secure Energy Services (TSE:SES) Reaches New 1-Year High at $12.59

Secure Energy Services Inc. (TSE:SES) reached a new 52-week high during trading on Monday . The stock traded as high as C$12.59 and last traded at C$12.59, with a volume of 36607 shares trading hands. The stock had previously closed at C$12.38.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SES. ATB Capital upped their price target on Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. CIBC lifted their target price on shares of Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. BMO Capital Markets upped their price objective on Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Raymond James upped their price objective on Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, National Bankshares upped their price objective on Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Secure Energy Services has an average rating of “Moderate Buy” and an average price target of C$13.97.

Secure Energy Services Trading Down 2.3 %

The company has a fifty day simple moving average of C$11.84 and a two-hundred day simple moving average of C$11.47. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03. The stock has a market capitalization of C$2.93 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43.

Secure Energy Services (TSE:SES) last posted its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The business had revenue of C$337.00 million for the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. On average, sell-side analysts expect that Secure Energy Services Inc. will post 0.8005409 earnings per share for the current year.

Secure Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.28%. Secure Energy Services’s dividend payout ratio (DPR) is 20.00%.

Insider Activity

In other news, Senior Officer Allen Peter Gransch purchased 106,620 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were bought at an average cost of C$11.66 per share, for a total transaction of C$1,243,189.20. In related news, Senior Officer Allen Peter Gransch bought 106,620 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average price of C$11.66 per share, with a total value of C$1,243,189.20. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of Secure Energy Services stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. Insiders have sold a total of 154,886 shares of company stock worth $1,813,466 over the last three months. Corporate insiders own 0.94% 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.