Michael Wayne Callihoo Sells 11,400 Shares of Secure Energy Services Inc. (TSE:SES) Stock

Secure Energy Services Inc. (TSE:SES) Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00.

Michael Wayne Callihoo also recently made the following trade(s):

• On Monday, August 26th, Michael Wayne Callihoo sold 1,000 shares of Secure Energy Services stock. The stock was sold at an average price of C$12.50, for a total value of C$12,500.00.

Secure Energy Services Stock Performance

TSE:SES opened at C$12.10 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03. Secure Energy Services Inc. has a fifty-two week low of C$6.98 and a fifty-two week high of C$12.75. The firm’s fifty day simple moving average is C$11.86 and its 200-day simple moving average is C$11.64. The stock has a market cap of C$2.91 billion, a PE ratio of 6.05, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43.

Secure Energy Services (TSE:SES) last issued its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The company had revenue of C$337.00 million for the quarter.

Secure Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, October 1st. This represents a $0.40 annualized dividend and a yield of 3.31%. Secure Energy Services’s dividend payout ratio is presently 20.00%.

Analysts Set New Price Targets

Several analysts recently commented on SES shares. CIBC upped their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. BMO Capital Markets boosted their target price on Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. National Bankshares lifted their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. Raymond James upped their price objective on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, ATB Capital lifted their target price on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$13.97.

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.