Secure Energy Services (SES) to Release Earnings on Wednesday

Secure Energy Services (TSE:SES) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of C$0.18 per share for the quarter.

Secure Energy Services (TSE:SES) last posted its quarterly earnings data 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). 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%.

Secure Energy Services Price Performance

Shares of SES stock opened at C$13.65 on Monday. The stock’s fifty day moving average is C$12.50 and its 200-day moving average is C$11.91. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. Secure Energy Services has a 52 week low of C$7.18 and a 52 week high of C$14.21. The stock has a market capitalization of C$3.29 billion, a PE ratio of 6.83, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.93%. Secure Energy Services’s dividend payout ratio (DPR) is currently 20.00%.

Insiders Place Their Bets

In related news, Director Rene Amirault sold 10,844 shares of the firm’s 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. In other Secure Energy Services news, Director Rene Amirault sold 10,844 shares of the firm’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$132,296.80. Also, Senior Officer Corey Ray Higham purchased 17,000 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of C$11.80 per share, for a total transaction of C$200,560.90. Insiders sold a total of 73,016 shares of company stock valued at $877,203 in the last quarter. 0.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SES has been the subject of a number of research reports. Eight Capital set a C$20.00 price objective on Secure Energy Services and gave the stock a “buy” rating in a research report on Wednesday, October 9th. National Bankshares boosted their price target on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. BMO Capital Markets increased their price objective on shares of Secure Energy Services from C$16.00 to C$17.00 in a report on Tuesday, October 22nd. Raymond James lifted their target price on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, CIBC increased their price target on Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$14.88.

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.