Secure Energy Services Inc. (SES) To Go Ex-Dividend on July 1st

Secure Energy Services Inc. (TSE:SES) declared a quarterly dividend on Monday, June 17th, Zacks reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.10 per share on Monday, July 15th. This represents a $0.40 annualized dividend and a yield of 3.30%. The ex-dividend date is Monday, July 1st.

Secure Energy Services Stock Up 1.5 %

Shares of Secure Energy Services stock opened at C$12.11 on Friday. The firm has a market cap of C$3.19 billion, a price-to-earnings ratio of 6.24, a P/E/G ratio of 0.17 and a beta of 2.55. The company has a debt-to-equity ratio of 28.54, a current ratio of 1.71 and a quick ratio of 1.10. Secure Energy Services has a 52-week low of C$5.93 and a 52-week high of C$12.15. The stock has a 50-day simple moving average of C$11.51 and a 200-day simple moving average of C$10.88.

Secure Energy Services (TSE:SES) last posted its earnings results on Thursday, April 25th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of C$351.30 million. On average, equities research analysts expect that Secure Energy Services will post 0.699877 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer James Darryl Anderson sold 65,000 shares of Secure Energy Services stock in a transaction on Friday, April 26th. The stock was sold at an average price of C$11.62, for a total value of C$755,300.00. In other news, Senior Officer Allen Peter Gransch acquired 106,620 shares of Secure Energy Services stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average price of C$11.66 per share, for a total transaction of C$1,243,189.20. Also, Senior Officer James Darryl Anderson sold 65,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of C$11.62, for a total value of C$755,300.00. In the last quarter, insiders have acquired 323,569 shares of company stock worth $3,752,369 and have sold 173,125 shares worth $2,018,144. Corporate insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SES. ATB Capital upped their price target on Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. CIBC upped their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. BMO Capital Markets boosted their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus boosted their price objective on Secure Energy Services from C$12.50 to C$13.50 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Raymond James boosted their price objective on Secure Energy Services from C$13.25 to C$13.50 and gave the company an “outperform” rating in a research report on Friday, April 26th. Two investment 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.com, the company presently 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.