Secure Energy Services (TSE:SES) Reaches New 52-Week High at $12.22

Secure Energy Services Inc. (TSE:SES)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$12.22 and last traded at C$12.07, with a volume of 50358 shares trading hands. The stock had previously closed at C$12.11.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SES. CIBC increased their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. BMO Capital Markets increased their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. ATB Capital increased their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Raymond James increased 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 research note on Friday, April 26th. Finally, Stifel Nicolaus increased their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.25.

Secure Energy Services Price Performance

The stock’s fifty day moving average is C$11.57 and its 200-day moving average is C$10.96. The stock has a market capitalization of C$3.18 billion, a PE 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 (TSE:SES) last announced its quarterly earnings results on Thursday, April 25th. The company reported C$0.04 earnings per share (EPS) 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 firm had revenue of C$360.00 million for the quarter, compared to analysts’ expectations of C$351.30 million. As a group, equities analysts predict that Secure Energy Services Inc. will post 0.699877 earnings per share for the current fiscal year.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Monday, July 1st. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling

In related news, Senior Officer Allen Peter Gransch acquired 106,620 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were acquired at an average cost of C$11.66 per share, with a total value of C$1,243,189.20. In related news, Senior Officer Allen Peter Gransch acquired 106,620 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were acquired at an average cost of C$11.66 per share, with a total value of C$1,243,189.20. Also, Director Rene Amirault sold 43,125 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total transaction of C$515,343.75. Over the last three months, insiders have bought 323,569 shares of company stock valued at $3,752,369 and have sold 173,125 shares valued at $2,018,144. 0.93% of the stock is currently owned by insiders.

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.