Secure Energy Services (SES) Scheduled to Post Quarterly Earnings on Thursday

Secure Energy Services (TSE:SES) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Secure Energy Services to post earnings of C$0.18 per share for the quarter.

Secure Energy Services (TSE:SES) last announced its quarterly earnings data on Monday, February 26th. The company reported C$0.20 earnings per share for the quarter, hitting the consensus estimate of C$0.20. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. The company had revenue of C$451.00 million during the quarter, compared to analyst estimates of C$429.00 million.

Secure Energy Services Stock Up 1.5 %

Shares of TSE SES opened at C$11.16 on Wednesday. Secure Energy Services has a 52 week low of C$5.81 and a 52 week high of C$11.92. The business has a 50-day simple moving average of C$11.23 and a two-hundred day simple moving average of C$9.61. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92. The company has a market cap of C$3.13 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.17 and a beta of 2.58.

Secure Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 3.58%. Secure Energy Services’s dividend payout ratio is currently 61.54%.

Insiders Place Their Bets

In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the business’s 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. In other news, Director Rene Amirault sold 731,807 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction 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 shares were sold at an average price of C$11.25, for a total value of C$90,000.00. Over the last three months, insiders have sold 751,914 shares of company stock valued at $8,529,853. 0.88% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SES has been the subject of a number of recent research reports. CIBC boosted their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research report on Monday. Stifel Nicolaus lifted their price target 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. National Bankshares lifted their price target on Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. ATB Capital set a C$13.00 price target on Secure Energy Services and gave the stock an “outperform” rating in a research note on Monday, March 25th. Finally, Raymond James boosted their target price 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$13.09.

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.