Insider Buying: Secure Energy Services Inc. (TSE:SES) Director Purchases C$115,200.00 in Stock

Secure Energy Services Inc. (TSE:SES) Director Mark Bly bought 10,000 shares of the stock in a transaction on Thursday, September 12th. The shares were bought at an average price of C$11.52 per share, with a total value of C$115,200.00.

Secure Energy Services Trading Up 2.3 %

Shares of Secure Energy Services stock opened at C$11.68 on Friday. The stock has a market cap of C$2.81 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43. The firm has a fifty day moving average price of C$11.81 and a 200 day moving average price of C$11.58. Secure Energy Services Inc. has a 1 year low of C$6.98 and a 1 year high of C$12.59. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10.

Secure Energy Services (TSE:SES) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The company had revenue of C$337.00 million for the quarter. Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. Equities research analysts predict that Secure Energy Services Inc. will post 0.7849462 earnings per share for the current year.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Monday, July 1st. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analysts Forecast Growth

SES has been the topic of a number of recent analyst reports. Raymond James raised their price target on shares of 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. BMO Capital Markets increased 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. CIBC boosted their target price on Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. ATB Capital increased 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. Finally, National Bankshares upped their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Secure Energy Services currently has an average rating of “Moderate Buy” and a consensus target price of C$13.97.

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.