Secure Energy Services Inc. (TSE:SES - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.78 and traded as high as C$14.01. Secure Energy Services shares last traded at C$13.86, with a volume of 494,517 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. National Bankshares upped their target price on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Raymond James raised their price target on Secure Energy Services from C$13.50 to C$14.25 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Scotiabank set a C$16.00 price objective on Secure Energy Services and gave the company an "outperform" rating in a research note on Friday, October 4th. Finally, Eight Capital set a C$20.00 price objective on Secure Energy Services and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Secure Energy Services presently has a consensus rating of "Moderate Buy" and an average price target of C$14.78.
Check Out Our Latest Research Report on Secure Energy Services
Secure Energy Services Stock Down 0.7 %
The stock has a market capitalization of C$3.31 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The firm has a 50-day moving average of C$12.24 and a 200 day moving average of C$11.79. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing analysts' consensus estimates of C$0.14 by C($0.02). The firm had revenue of C$337.00 million during the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. On average, sell-side analysts anticipate that Secure Energy Services Inc. will post 0.7844418 earnings per share for the current year.
Secure Energy Services Announces Dividend
The business also recently declared 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 2.91%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services's payout ratio is currently 20.00%.
Insider Buying and Selling
In other news, Senior Officer Allen Peter Gransch sold 4,011 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$48,934.20. In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$48,934.20. Over the last quarter, insiders sold 73,016 shares of company stock worth $877,203. Insiders own 0.95% of the company's stock.
About Secure Energy Services
(
Get Free Report)
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.
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