Insider Selling: Secure Energy Services Inc. (TSE:SES) Senior Officer Sells 4,011 Shares of Stock

Secure Energy Services Inc. (TSE:SES) Senior Officer Allen Peter Gransch sold 4,011 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$48,934.20.

Secure Energy Services Stock Up 4.4 %

SES stock opened at C$13.43 on Friday. The company has a market cap of C$3.23 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 0.17 and a beta of 2.43. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The business’s 50-day moving average is C$11.96 and its two-hundred day moving average is C$11.68. Secure Energy Services Inc. has a fifty-two week low of C$6.98 and a fifty-two week high of C$13.65.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data 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 during the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%.

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, October 1st. Secure Energy Services’s payout ratio is 20.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. CIBC raised their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. National Bankshares boosted their price target on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Raymond James increased their price objective on Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Scotiabank set a C$16.00 price objective on Secure Energy Services and gave the stock an “outperform” rating in a report on Friday. Finally, BMO Capital Markets upped their target price on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.19.

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.