Brokerages Set Secure Energy Services Inc. (TSE:SES) Target Price at C$13.25

Shares of Secure Energy Services Inc. (TSE:SES) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$13.25.

SES has been the subject of several analyst reports. BMO Capital Markets lifted their price target on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Tuesday, April 23rd. Stifel Nicolaus boosted their target price 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 boosted their target price 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. ATB Capital boosted their target price 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. Finally, CIBC boosted their target price 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.

Secure Energy Services Trading Up 1.5 %

Shares of SES stock opened at C$12.11 on Friday. Secure Energy Services has a 12-month low of C$5.93 and a 12-month high of C$12.15. The company has a market capitalization of C$3.19 billion, a P/E ratio of 6.24, a P/E/G ratio of 0.17 and a beta of 2.55. The firm has a 50-day moving average price of C$11.51 and a 200 day moving average price of C$10.88. The company has a quick ratio of 1.10, a current ratio of 1.71 and a debt-to-equity ratio of 28.54.

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 the consensus estimate of C$0.16 by C($0.12). Secure Energy Services had a net margin of 6.12% and a return on equity of 41.83%. The firm had revenue of C$360.00 million for the quarter, compared to the consensus estimate of C$351.30 million. Research analysts forecast that Secure Energy Services will post 0.699877 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, July 1st. Secure Energy Services’s dividend payout ratio is 20.62%.

Insider Transactions at Secure Energy Services

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

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.