Secure Energy Services Inc. Declares Quarterly Dividend of $0.10 (TSE:SES)

Secure Energy Services Inc. (TSE:SES) announced a quarterly dividend on Friday, March 15th, Zacks reports. Shareholders of record on Monday, April 1st will be given a dividend of 0.10 per share on Monday, April 15th. This represents a $0.40 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 28th.

Secure Energy Services Stock Performance

TSE:SES opened at C$11.27 on Wednesday. The stock has a 50-day moving average price of C$10.81 and a 200 day moving average price of C$9.11. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92. Secure Energy Services has a 12-month low of C$5.81 and a 12-month high of C$11.64. The stock has a market capitalization of C$3.16 billion, a P/E ratio of 17.34, a P/E/G ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last released its quarterly earnings data 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. 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 analysts’ expectations of C$429.00 million. Equities research analysts forecast that Secure Energy Services will post 0.7098351 EPS for the current fiscal year.

Insider Buying and Selling at Secure Energy Services

In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. In other news, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. Insiders sold a total of 751,914 shares of company stock valued at $8,529,853 in the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on SES shares. National Bankshares boosted their target price on Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Cormark boosted their price objective on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Raymond James raised their price objective on Secure Energy Services from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. CIBC increased their target price on shares of Secure Energy Services from C$10.50 to C$11.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada raised their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Secure Energy Services currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.19.

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.