Secure Energy Services Inc. (TSE:SES) Given Average Recommendation of “Moderate Buy” by Brokerages

Secure Energy Services Inc. (TSE:SES) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$14.88.

A number of analysts have issued reports on SES shares. Raymond James boosted 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. CIBC boosted their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. Scotiabank set a C$16.00 price target on shares of Secure Energy Services and gave the stock an “outperform” rating in a research note on Friday, October 4th. Eight Capital set a C$20.00 price target on shares of Secure Energy Services and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, ATB Capital boosted their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st.

Insider Activity at Secure Energy Services

In related news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Director Rene Amirault sold 10,844 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$132,296.80. Insiders sold 73,016 shares of company stock valued at $877,203 over the last three months. 0.95% of the stock is owned by corporate insiders.

Secure Energy Services Stock Up 0.4 %

Shares of SES opened at C$13.55 on Friday. The firm has a market cap of C$3.26 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 12-month low of C$7.18 and a 12-month high of C$14.21. The company’s 50-day moving average price is C$12.46 and its 200 day moving average price is C$11.89. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The company had revenue of C$337.00 million during the quarter. Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. On average, sell-side analysts forecast that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Secure Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is 20.00%.

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.