Secure Energy Services (SES) Scheduled to Post Quarterly Earnings on Thursday

Secure Energy Services (TSE:SES) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of C$0.18 per share for the quarter.

Secure Energy Services (TSE:SES) last issued its earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, hitting analysts’ consensus estimates of C$0.20. The firm had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%.

Secure Energy Services Stock Performance

Shares of SES stock opened at C$11.16 on Wednesday. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92. The firm has a fifty day moving average price of C$11.23 and a 200 day moving average price of C$9.61. The company has a market cap of C$3.13 billion, a P/E ratio of 17.11, a PEG ratio of 0.17 and a beta of 2.58. Secure Energy Services has a 12 month low of C$5.81 and a 12 month high of C$11.92.

Secure Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.58%. Secure Energy Services’s payout ratio is currently 61.54%.

Insider Activity at Secure Energy Services

In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. In related news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of Secure Energy Services stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$137,356.34. Also, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. In the last three months, insiders sold 751,914 shares of company stock valued at $8,529,853. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SES shares. Stifel Nicolaus upped their target price on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Thursday, April 18th. ATB Capital set a C$13.00 target price on shares of Secure Energy Services and gave the company an “outperform” rating in a report on Monday, March 25th. National Bankshares upped their target price on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Cormark upped their target price on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, CIBC upped their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a “neutral” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.09.

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.