Secure Energy Services Inc. (TSE:SES) Director Sells C$8,302,496.78 in Stock

Secure Energy Services Inc. (TSE:SES) 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 value of C$8,302,496.78.

Secure Energy Services Stock Up 0.2 %

Secure Energy Services stock opened at C$11.29 on Thursday. The firm has a market cap of C$3.16 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. Secure Energy Services Inc. has a 52 week low of C$5.81 and a 52 week high of C$11.64. The business’s 50-day moving average price is C$10.83 and its 200 day moving average price is C$9.13. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92.

Secure Energy Services (TSE:SES) last posted its earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, hitting the consensus estimate of C$0.20. The firm had revenue of C$451.00 million for the quarter, compared to analyst estimates of C$429.00 million. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. As a group, sell-side analysts anticipate that Secure Energy Services Inc. will post 0.7098351 earnings per share for the current year.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 28th. Secure Energy Services’s dividend payout ratio (DPR) is 61.54%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SES. Raymond James boosted their price target on Secure Energy Services from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Stifel Nicolaus boosted their price target on Secure Energy Services from C$11.25 to C$12.50 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Royal Bank of Canada boosted their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 27th. Cormark boosted their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, CIBC boosted their price target on Secure Energy Services from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$12.19.

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.