Secure Energy Services Inc (TSE:SES) – Investment analysts at Raymond James issued their FY2019 earnings estimates for shares of Secure Energy Services in a research report issued on Monday, April 15th. Raymond James analyst A. Bradford anticipates that the company will post earnings per share of $0.20 for the year. Raymond James has a “Strong-Buy” rating and a $13.50 price target on the stock.
Other equities analysts also recently issued research reports about the stock. TD Securities upped their price objective on shares of Secure Energy Services from C$10.00 to C$11.50 and gave the company a “buy” rating in a report on Thursday, February 28th. National Bank Financial cut their price objective on shares of Secure Energy Services from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a report on Thursday, February 28th. Canaccord Genuity upped their price objective on shares of Secure Energy Services from C$10.50 to C$11.00 in a report on Wednesday, February 27th. Finally, CIBC upped their price objective on shares of Secure Energy Services from C$9.00 to C$10.00 in a report on Wednesday, February 27th.
SES stock opened at C$8.37 on Wednesday. The stock has a market cap of $1.34 billion and a price-to-earnings ratio of 69.75. Secure Energy Services has a one year low of C$6.25 and a one year high of C$9.44. The company has a quick ratio of 1.41, a current ratio of 1.86 and a debt-to-equity ratio of 50.88.
In other news, Senior Officer Allen Peter Gransch sold 25,235 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$8.25, for a total transaction of C$208,188.75. Following the transaction, the insider now owns 239,968 shares in the company, valued at C$1,979,736. Also, Director Daniel Steinke sold 25,103 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$8.55, for a total transaction of C$214,630.65. Following the transaction, the director now owns 563,367 shares in the company, valued at approximately C$4,816,787.85. In the last 90 days, insiders have sold 134,357 shares of company stock worth $1,122,216.
The business also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were issued a dividend of $0.0225 per share. The ex-dividend date was Friday, March 29th. This represents a $0.27 annualized dividend and a dividend yield of 3.23%. Secure Energy Services’s dividend payout ratio (DPR) is currently 225.00%.
About Secure Energy Services
Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.
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