Secure Energy Services Inc. (TSE:SES) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Secure Energy Services Inc. (TSE:SES) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$14.88.

A number of research firms have commented on SES. ATB Capital raised their target price on Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. 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. Scotiabank set a C$16.00 price target on Secure Energy Services and gave the stock an “outperform” rating in a research note on Friday, October 4th. Eight Capital set a C$20.00 price target on Secure Energy Services and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Raymond James lifted their price target on Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st.

Insider Activity

In other news, Senior Officer Corey Ray Higham acquired 17,000 shares of Secure Energy Services stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of C$11.80 per share, with a total value of C$200,560.90. In related news, Senior Officer Corey Ray Higham purchased 17,000 shares of Secure Energy Services stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of C$11.80 per share, with a total value of C$200,560.90. 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. Insiders have sold 73,016 shares of company stock valued at $877,203 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Secure Energy Services Price Performance

Secure Energy Services stock opened at C$13.55 on Friday. Secure Energy Services has a 12 month low of C$7.18 and a 12 month high of C$14.21. 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 business has a 50 day simple moving average of C$12.46 and a 200-day simple moving average of C$11.89. The stock has a market capitalization of C$3.26 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share (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 business had revenue of C$337.00 million during the quarter. Equities analysts predict that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Secure Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.95%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is 20.00%.

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.