Secure Energy Services (TSE:SES) Reaches New 52-Week High - Still a Buy?

Secure Energy Services Inc. (TSE:SES) has recently achieved a new 52-week high, marking a notable milestone in its trading performance. During mid-day trading on Tuesday, the stock reached as high as C$16.25, with the last recorded transaction at C$16.16. This uptick was accompanied by a trading volume of 11,451 shares, compared to its previous closing price of C$16.10.

Analyst Upgrades and Downgrades

Analyst Recommendations and Price Targets

A number of analysts have evaluated SES shares, leading to various adjustments in price targets. On October 31st, Raymond James raised its price forecast from C$14.75 to C$15.25, rating the stock as "outperform." Similarly, CIBC increased its target from C$15.00 to C$16.00, maintaining a "neutral" stance on the stock. Eight Capital also adjusted its price target upwards, from C$20.00 to C$22.00, assigning a "buy" rating. ATB Capital and Scotiabank made similar moves, lifting their respective targets to C$18.00 and C$18.00 as well, both classifying the stock as an "outperform." Among the analysts reviewing SES, two have given it a holding rating, while eight others recommend buying. Overall, MarketBeat.com indicates a consensus rating of "Moderate Buy" for the company, with an average target estimate of C$16.58.

Latest Stock Report on SES

Current Trading Performance

Secure Energy Services has shown an increase of 0.6% in its trading performance. The company's debt-to-equity ratio stands at 52.03, while its current and quick ratios are 1.15 and 1.10, respectively. It has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 8.05, and a price-to-earnings-growth ratio of 0.17. The stock has a beta of 2.41, indicating a higher volatility in comparison to the market.

Dividend Information

In addition to its trading success, Secure Energy Services announced a quarterly dividend, recently distributed on October 15th. Shareholders recorded as of October 1st received a dividend of C$0.10 per share. This translates to an annual dividend of C$0.40, resulting in a yield of 2.47%. The company has a dividend payout ratio of 20.00%, reflecting its commitment to returning value to shareholders.

Insider Trading Activity

In other corporate developments, Senior Officer Rhonda Kimberly Rudnitski executed the sale of 45,761 shares on August 7th for an average price of C$11.76, totaling roughly C$538,122. Conversely, Senior Officer Corey Ray Higham bought 17,000 shares at an average cost of C$11.80 on September 5th, amounting to around C$200,561. Overall, insiders have sold a collective total of 73,016 shares valued at C$877,203 within the past ninety days, with company insiders holding 0.95% of SEC equity.

Company Overview

Secure Energy Services Inc. is involved in waste management and energy infrastructure primarily in Canada and the United States. The company operates through three main sectors: Environmental Waste Management, Energy Infrastructure, and Oilfield Services. Within the Environmental Waste Management sector, it provides a range of services, including waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.

Conclusion

As Secure Energy Services continues to show growth and positive analyst sentiment, investors may wonder if it's a good time to consider buying. The recent uptick in stock price and favorable analyst ratings are encouraging signs, but prospective investors should weigh their options carefully, especially compared to other investment opportunities currently available in the market.

Stock, Investment, Dividend