Allen Peter Gransch Acquires 106,620 Shares of Secure Energy Services Inc. (TSE:SES) Stock

Secure Energy Services Inc. (TSE:SES) Senior Officer Allen Peter Gransch acquired 106,620 shares of Secure Energy Services stock in a transaction on Thursday, June 20th. The shares were purchased at an average price of C$11.66 per share, with a total value of C$1,243,189.20.

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$11.56 on Friday. The company has a debt-to-equity ratio of 28.54, a quick ratio of 1.10 and a current ratio of 1.71. The firm has a fifty day moving average price of C$11.42 and a 200 day moving average price of C$10.74. Secure Energy Services Inc. has a fifty-two week low of C$5.90 and a fifty-two week high of C$12.10. The firm has a market cap of C$3.04 billion, a price-to-earnings ratio of 5.96, a P/E/G ratio of 0.17 and a beta of 2.55.

Secure Energy Services (TSE:SES) last issued its earnings results on Thursday, April 25th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.12). Secure Energy Services had a return on equity of 41.83% and a net margin of 6.12%. The company had revenue of C$360.00 million for the quarter, compared to the consensus estimate of C$351.30 million. As a group, sell-side analysts expect that Secure Energy Services Inc. will post 0.699877 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.46%. Secure Energy Services’s dividend payout ratio is 20.62%.

Analyst Ratings Changes

A number of analysts have recently commented on SES shares. Stifel Nicolaus lifted their price target on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Raymond James lifted their price target on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, April 26th. National Bankshares lifted their price target on shares of 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. Cormark lifted their price target on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, BMO Capital Markets lifted their price target on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$13.25.

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.