Secure Energy Services (TSE:SES) Reaches New 12-Month High – Should You Buy?

Secure Energy Services Inc. (TSE:SES) shares hit a new 52-week high on Wednesday . The stock traded as high as C$13.73 and last traded at C$13.71, with a volume of 151342 shares. The stock had previously closed at C$13.34.

Analysts Set New Price Targets

SES has been the subject of several recent research reports. Scotiabank set a C$16.00 price target on shares of Secure Energy Services and gave the company an “outperform” rating in a research report on Friday, October 4th. BMO Capital Markets lifted their target price 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. Eight Capital set a C$20.00 price target on Secure Energy Services and gave the stock a “buy” rating in a report on Wednesday. National Bankshares lifted their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Finally, ATB Capital upped 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 research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$14.78.

Secure Energy Services Price Performance

The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. The company’s 50 day simple moving average is C$12.08 and its 200 day simple moving average is C$11.72. The company has a market capitalization of C$3.40 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES) last announced its quarterly 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). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The company had revenue of C$337.00 million for the quarter. As a group, sell-side analysts predict that Secure Energy Services Inc. will post 0.7844418 earnings per share for the current year.

Secure Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, October 1st. Secure Energy Services’s payout ratio is currently 20.00%.

Insider Activity at Secure Energy Services

In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. In related news, Director Rene Amirault sold 10,844 shares of Secure Energy Services stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$132,296.80. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. Insiders sold a total of 73,016 shares of company stock valued at $877,203 in the last three months. 0.95% of the stock is currently owned by company insiders.

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.