Brokerages Set Secure Energy Services Inc. (TSE:SES) PT at C$13.25

Secure Energy Services Inc. (TSE:SES) has been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$13.25.

Several equities research analysts have recently commented on the stock. ATB Capital boosted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Cormark boosted their price target on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Raymond James raised their price objective on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets boosted their target price on Secure Energy Services from C$13.00 to C$14.00 in a report on Tuesday, April 23rd. Finally, CIBC raised their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the company a “neutral” rating in a report on Monday, April 22nd.

Secure Energy Services Stock Down 0.5 %

Shares of Secure Energy Services stock opened at C$11.32 on Friday. The stock has a 50-day simple moving average of C$11.38 and a 200-day simple moving average of C$9.87. Secure Energy Services has a 52-week low of C$5.87 and a 52-week high of C$11.92. The firm has a market cap of C$3.17 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 0.17 and a beta of 2.58. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10.

Secure Energy Services (TSE:SES) last released its earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, meeting the consensus estimate of C$0.20. The firm had revenue of C$451.00 million during the quarter, compared to analysts’ expectations of C$429.00 million. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. On average, equities research analysts expect that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, March 28th. Secure Energy Services’s dividend payout ratio is 61.54%.

Insider Buying and Selling at Secure Energy Services

In other news, Director Rene Amirault sold 731,807 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. In other news, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. Also, Senior Officer James Darryl Anderson sold 65,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of C$11.62, for a total transaction of C$755,300.00. In the last ninety days, insiders have sold 816,914 shares of company stock worth $9,285,153. Insiders own 0.88% of the company’s stock.

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.