Insider Buying: Secure Energy Services Inc. (TSE:SES) Director Buys 10,000 Shares of Stock

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

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$11.68 on Friday. The business has a fifty day simple moving average of C$11.81 and a 200 day simple moving average of C$11.57. 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 Inc. has a 1 year low of C$6.98 and a 1 year high of C$12.59. The firm has a market cap of C$2.81 billion, a price-to-earnings ratio of 5.84, a P/E/G ratio of 0.17 and a beta of 2.43.

Secure Energy Services (TSE:SES) last posted its earnings results on Tuesday, July 30th. The company reported C$0.12 EPS 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%. As a group, sell-side analysts predict that Secure Energy Services Inc. will post 0.8006452 earnings per share for the current fiscal year.

Secure Energy Services Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SES shares. BMO Capital Markets boosted their price target on shares of 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. National Bankshares boosted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. CIBC raised their target price on Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. Raymond James upped their price target 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. Finally, ATB Capital increased their price objective on Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$13.97.

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.