Secure Energy Services Inc. (TSE:SES) Senior Officer Michael Wayne Callihoo Sells 11,400 Shares of Stock

Secure Energy Services Inc. (TSE:SES) Senior Officer Michael Wayne Callihoo sold 11,400 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00.

Michael Wayne Callihoo also recently made the following trade(s):

• On Monday, August 26th, Michael Wayne Callihoo sold 1,000 shares of Secure Energy Services stock. The shares were sold at an average price of C$12.50, for a total value of C$12,500.00.

Secure Energy Services Stock Down 1.4 %

Shares of TSE:SES opened at C$12.44 on Friday. Secure Energy Services Inc. has a 1-year low of C$6.98 and a 1-year high of C$12.75. The company’s fifty day moving average is C$11.86 and its two-hundred day moving average is C$11.64. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The stock has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 6.22, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43.

Secure Energy Services (TSE:SES) last issued its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The business had revenue of C$337.00 million during the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%.

Secure Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, October 1st. Secure Energy Services’s dividend payout ratio is presently 20.00%.

Analyst Upgrades and Downgrades

SES has been the subject of a number of recent research reports. ATB Capital increased their target price on Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their price objective on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. CIBC upped their target price on shares of Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. Raymond James lifted their price target on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, National Bankshares upped their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Secure Energy Services currently has an average rating of “Moderate Buy” and an average price target of C$13.97.

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.