Michael Wayne Callihoo Buys 3,600 Shares of Secure Energy Services Inc. (TSE:SES) Stock

Secure Energy Services Inc. (TSE:SES) Senior Officer Michael Wayne Callihoo acquired 3,600 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were bought at an average cost of C$11.16 per share, with a total value of C$40,176.00.

Michael Wayne Callihoo also recently made the following trade(s):

• On Thursday, March 21st, Michael Wayne Callihoo sold 12,107 shares of Secure Energy Services stock. The shares were sold at an average price of C$11.35, for a total transaction of C$137,356.34.
• On Thursday, February 29th, Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services stock. The shares were sold at an average price of C$11.25, for a total value of C$90,000.00.

Secure Energy Services Price Performance

TSE:SES traded up C$0.12 during mid-day trading on Friday, reaching C$11.24. The stock had a trading volume of 236,683 shares, compared to its average volume of 762,413. Secure Energy Services Inc. has a 12 month low of C$5.87 and a 12 month high of C$11.92. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. The stock has a 50-day simple moving average of C$11.39 and a two-hundred day simple moving average of C$9.95. The stock has a market capitalization of C$3.15 billion, a PE ratio of 17.11, a P/E/G ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last issued its earnings results on Monday, February 26th. The company reported C$0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.20. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. The firm had revenue of C$451.00 million for the quarter, compared to analyst estimates of C$429.00 million. On average, equities analysts anticipate that Secure Energy Services Inc. will post 0.6699029 earnings per share for the current year.

Secure Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Thursday, March 28th. Secure Energy Services’s payout ratio is currently 61.54%.

Analysts Set New Price Targets

Several analysts have recently commented on SES shares. CIBC increased their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. ATB Capital increased their price target on Secure Energy Services from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Raymond James boosted their price objective on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the company an “outperform” rating in a report on Friday, April 26th. Cormark increased their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, National Bankshares raised their price objective on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.