James Darryl Anderson Sells 65,000 Shares of Secure Energy Services Inc. (TSE:SES) Stock

Secure Energy Services Inc. (TSE:SES) Senior Officer James Darryl Anderson sold 65,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of C$11.62, for a total value of C$755,300.00.

Secure Energy Services Stock Performance

TSE SES opened at C$11.77 on Tuesday. Secure Energy Services Inc. has a 12-month low of C$5.81 and a 12-month high of C$11.92. The firm has a 50-day moving average price of C$11.32 and a two-hundred day moving average price of C$9.76. The company has a market capitalization of C$3.30 billion, a P/E ratio of 18.11, a P/E/G ratio of 0.17 and a beta of 2.58. 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 issued its quarterly earnings results on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.20. The business had revenue of C$451.00 million during the quarter, compared to analysts’ expectations of C$429.00 million. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. Analysts anticipate that Secure Energy Services Inc. will post 0.6699029 earnings per share for the current year.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Thursday, March 28th. Secure Energy Services’s payout ratio is currently 61.54%.

Wall Street Analyst Weigh In

A number of research firms have commented on SES. BMO Capital Markets lifted their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Cormark upped their price target on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. ATB Capital raised their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James boosted their price objective on Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a report on Friday. Finally, Stifel Nicolaus increased their target price on 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Secure Energy Services presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.25.

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.