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 firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of C$11.62, for a total transaction of C$755,300.00.

Secure Energy Services Stock Up 1.6 %

Shares of SES stock opened at C$11.77 on Tuesday. The stock has a 50 day moving average of C$11.32 and a 200-day moving average of C$9.76. The firm has a market cap of C$3.30 billion, a PE ratio of 18.11, a price-to-earnings-growth 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 Inc. has a 12 month low of C$5.81 and a 12 month high of C$11.92.

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

Secure Energy Services Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on SES shares. Raymond James increased their target price on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday. 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 report on Tuesday, February 27th. 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 report on Friday. BMO Capital Markets boosted their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Finally, Cormark upped their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.