Secure Energy Services Inc. (TSE:SES) Director Sells C$8,302,496.78 in Stock

Secure Energy Services Inc. (TSE:SES) Director Rene Amirault sold 731,807 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$8,302,496.78.

Secure Energy Services Price Performance

SES opened at C$11.29 on Thursday. The stock has a fifty day simple moving average of C$10.83 and a two-hundred day simple moving average of C$9.13. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92. The company has a market cap of C$3.16 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. Secure Energy Services Inc. has a 12-month low of C$5.81 and a 12-month high of C$11.64.

Secure Energy Services (TSE:SES) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.20. The business had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. Research analysts predict that Secure Energy Services Inc. will post 0.7098351 earnings per share for the current fiscal year.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 15th will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a yield of 3.54%. Secure Energy Services’s dividend payout ratio (DPR) is 61.54%.

Analysts Set New Price Targets

Several research analysts recently weighed in on SES shares. Cormark upped their price objective on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. ATB Capital set a C$13.00 target price on Secure Energy Services and gave the stock an “outperform” rating in a research note on Monday. CIBC upped their target price on Secure Energy Services from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. National Bankshares upped their target price on Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Finally, BMO Capital Markets upped their target price on Secure Energy Services from C$12.50 to C$13.00 in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$12.19.

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.