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

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

Analyst Ratings Changes

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

Secure Energy Services Trading Up 1.0 %

The firm’s 50-day moving average price is C$11.81 and its 200 day moving average price is C$11.44. The company has a market cap of C$3.01 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 0.17 and a beta of 2.43. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03.

Secure Energy Services (TSE:SES) last issued its earnings results on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. The firm had revenue of C$337.00 million during the quarter. As a group, equities analysts expect that Secure Energy Services Inc. will post 0.8005409 EPS for the current year.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, July 1st. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.00%.

Insider Buying and Selling

In other Secure Energy Services news, Senior Officer Allen Peter Gransch purchased 106,620 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was bought at an average cost of C$11.66 per share, with a total value of C$1,243,189.20. In related news, Senior Officer Allen Peter Gransch bought 106,620 shares of Secure Energy Services stock in a transaction on Thursday, June 20th. The stock was acquired at an average price of C$11.66 per share, with a total value of C$1,243,189.20. Also, Senior Officer James Darryl Anderson sold 65,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$11.50, for a total transaction of C$747,500.00. Over the last 90 days, insiders sold 153,886 shares of company stock worth $1,800,966. 0.94% of the stock is owned by corporate insiders.

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.