Secure Energy Services Inc. (TSE:SES – Get Rating) – Investment analysts at National Bank Financial increased their FY2022 EPS estimates for shares of Secure Energy Services in a research report issued on Wednesday, July 27th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $0.46 per share for the year, up from their prior estimate of $0.31. The consensus estimate for Secure Energy Services' current full-year earnings is $0.50 per share.
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SES has been the topic of several other reports. Stifel Nicolaus increased their target price on shares of Secure Energy Services from C$9.75 to C$10.00 in a research note on Thursday, July 28th. National Bankshares increased their target price on shares of Secure Energy Services from C$8.00 to C$9.00 and gave the stock an "outperform" rating in a research note on Friday, April 29th. Royal Bank of Canada increased their target price on shares of Secure Energy Services from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research note on Friday, April 29th. Raymond James increased their target price on shares of Secure Energy Services from C$8.50 to C$8.75 and gave the stock a "strong-buy" rating in a research note on Tuesday, May 31st. Finally, BMO Capital Markets reiterated a "buy" rating and issued a C$9.00 target price (up from C$8.00) on shares of Secure Energy Services in a research note on Friday, April 29th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$8.50.
Secure Energy Services Stock Performance
Shares of SES stock opened at C$6.19 on Monday. The stock has a market capitalization of C$1.92 billion and a P/E ratio of -10.18. The company has a current ratio of 1.31, a quick ratio of 1.06 and a debt-to-equity ratio of 106.11. The firm's 50 day moving average is C$6.31 and its 200 day moving average is C$6.11. Secure Energy Services has a 12 month low of C$3.73 and a 12 month high of C$7.58.
Secure Energy Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 15th were issued a dividend of $0.0075 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Wednesday, June 29th. Secure Energy Services's dividend payout ratio is currently -4.93%.
Insider Activity at Secure Energy Services
In other Secure Energy Services news, Senior Officer Michael Francis Guy Mikuska sold 20,000 shares of the firm's stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of C$6.99, for a total value of C$139,800.00. Following the sale, the insider now owns 159,604 shares of the company's stock, valued at approximately C$1,115,631.96. In other news, Senior Officer Allen Peter Gransch sold 38,756 shares of the firm's stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of C$6.39, for a total value of C$247,794.24. Following the completion of the sale, the insider now directly owns 395,224 shares of the company's stock, valued at approximately C$2,526,943.69. Also, Senior Officer Michael Francis Guy Mikuska sold 20,000 shares of the firm's stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of C$6.99, for a total transaction of C$139,800.00. Following the completion of the sale, the insider now directly owns 159,604 shares of the company's stock, valued at C$1,115,631.96. In the last 90 days, insiders have sold 136,832 shares of company stock valued at $933,345.
Secure Energy Services Company Profile
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Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The company's Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.
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