Insider Selling: Secure Energy Services Inc. (TSE:SES) Senior Officer Sells 20,000 Shares of Stock
Secure Energy Services Inc. (TSE:SES – Get Rating) Senior Officer Michael Francis Guy Mikuska sold 20,000 shares of Secure Energy Services stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of C$6.99, for a total transaction of C$139,800.00. Following the sale, the insider now owns 159,604 shares of the company’s stock, valued at C$1,115,631.96.
Michael Francis Guy Mikuska also recently made the following trade(s):
- On Wednesday, May 25th, Michael Francis Guy Mikuska sold 78,076 shares of Secure Energy Services stock. The shares were sold at an average price of C$6.99, for a total transaction of C$545,751.24.
Shares of TSE SES traded up C$0.40 during mid-day trading on Monday, hitting C$7.48. The stock had a trading volume of 577,697 shares, compared to its average volume of 814,035. The company has a debt-to-equity ratio of 106.11, a quick ratio of 1.06 and a current ratio of 1.31. Secure Energy Services Inc. has a 1 year low of C$3.73 and a 1 year high of C$7.53. The business has a 50 day moving average price of C$6.20 and a two-hundred day moving average price of C$5.81. The firm has a market cap of C$2.32 billion and a P/E ratio of -12.30.
Secure Energy Services (TSE:SES – Get Rating) last issued its earnings results on Wednesday, March 2nd. The company reported C$0.09 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.03. The firm had revenue of C$327.00 million during the quarter, compared to analysts’ expectations of C$318.00 million. Equities research analysts predict that Secure Energy Services Inc. will post 0.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 18th were given a dividend of $0.0075 per share. This is an increase from Secure Energy Services’s previous quarterly dividend of $0.01. This represents a $0.03 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, March 31st. Secure Energy Services’s payout ratio is presently -4.93%.
Several equities research analysts have issued reports on SES shares. CIBC lifted their target price on shares of Secure Energy Services from C$7.50 to C$8.00 in a research report on Monday, May 2nd. Raymond James set a C$8.50 price objective on shares of Secure Energy Services and gave the stock a “strong-buy” rating in a report on Friday, April 29th. TD Securities boosted their price objective on shares of Secure Energy Services from C$7.50 to C$8.00 and gave the stock a “buy” rating in a report on Friday, April 29th. BMO Capital Markets restated a “buy” rating and issued a C$9.00 price objective (up from C$8.00) on shares of Secure Energy Services in a report on Friday, April 29th. Finally, National Bankshares boosted their price objective on shares of Secure Energy Services from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Secure Energy Services has a consensus rating of “Buy” and an average price target of C$7.87.
Secure Energy Services Company Profile (Get Rating)
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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