Brokerages Set Secure Energy Services Inc. (TSE:SES) Target Price at C$13.97

Secure Energy Services Inc. (TSE:SES) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$14.19.

A number of analysts recently commented on SES shares. Scotiabank set a C$16.00 price objective on shares of Secure Energy Services and gave the company an “outperform” rating in a research report on Friday. CIBC increased their price target on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. BMO Capital Markets lifted their price objective on 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. Raymond James boosted 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. Finally, ATB Capital raised their target price on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st.

Secure Energy Services Price Performance

Secure Energy Services stock opened at C$13.43 on Monday. The firm has a market capitalization of C$3.23 billion, a P/E ratio of 6.72, a PEG ratio of 0.17 and a beta of 2.43. The business has a 50-day moving average of C$11.96 and a 200-day moving average of C$11.68. 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 has a 1 year low of C$6.98 and a 1 year 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 (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 net margin of 5.62% and a return on equity of 50.56%.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be paid 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 of this dividend is Tuesday, October 1st. Secure Energy Services’s dividend payout ratio is currently 20.00%.

Insider Activity at Secure Energy Services

In other news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total transaction of C$145,350.00. In other news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$48,934.20. Over the last three months, insiders sold 73,016 shares of company stock valued at $877,203. 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.