Secure Energy Services (TSE:SES) Reaches New 52-Week High – Here’s What Happened

Shares of Secure Energy Services Inc. (TSE:SES) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$14.90 and last traded at C$14.54, with a volume of 100104 shares traded. The stock had previously closed at C$13.77.

Analysts Set New Price Targets

A number of analysts have weighed in on SES shares. Eight Capital raised their target price on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets raised their price objective on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday. CIBC boosted their price objective on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research report on Thursday. Raymond James increased their target price on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research report on Thursday. Finally, ATB Capital lifted their price target on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Secure Energy Services currently has an average rating of “Moderate Buy” and a consensus price target of C$16.58.

Secure Energy Services Stock Up 2.5 %

The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The company has a market cap of C$3.73 billion, a price-to-earnings ratio of 7.76, a P/E/G ratio of 0.17 and a beta of 2.41. The stock’s 50-day moving average is C$12.62 and its 200-day moving average is C$11.96.

Secure Energy Services (TSE:SES) last released its quarterly earnings data 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). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The company had revenue of C$337.00 million for the quarter. On average, analysts anticipate that Secure Energy Services Inc. will post 0.7671625 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s payout ratio is 20.00%.

Insider Buying and Selling

In other Secure Energy Services news, Director Mark Bly acquired 10,000 shares of Secure Energy Services stock in a transaction dated Thursday, September 12th. The stock was purchased at an average cost of C$11.52 per share, for a total transaction of C$115,200.00. In related news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total transaction of C$538,121.90. Also, Director Mark Bly purchased 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of C$11.52 per share, with a total value of C$115,200.00. Insiders have sold a total of 73,016 shares of company stock worth $877,203 in the last ninety days. Corporate insiders own 0.95% of the company’s stock.

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.