Secure Energy Services Inc. (TSE:SES) Receives Average Rating of “Moderate Buy” from Analysts

Secure Energy Services Inc. (TSE:SES) has earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$16.58.

A number of research firms recently issued reports on SES. BMO Capital Markets lifted their target price on Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday. ATB Capital increased their price target on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James increased their price target on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research report on Thursday. National Bankshares increased their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Eight Capital increased their price target on Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Thursday.

Insiders Place Their Bets

In other Secure Energy Services news, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$48,934.20. In other news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$48,934.20. In the last ninety days, insiders sold 73,016 shares of company stock worth $877,203. 0.95% of the stock is currently owned by company insiders.

Secure Energy Services Price Performance

TSE:SES opened at C$15.51 on Friday. The business’s 50-day moving average price is C$12.62 and its 200 day moving average price is C$11.96. The firm has a market cap of C$3.73 billion, a P/E ratio of 7.72, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 52-week low of C$7.50 and a 52-week high of C$15.83. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03.

Secure Energy Services (TSE:SES) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The firm 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%. As a group, sell-side analysts predict that Secure Energy Services will post 0.7671625 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.58%. Secure Energy Services’s payout ratio is presently 20.00%.

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.