Secure Energy Services (TSE:SES) Price Target Raised to C$20.00

Secure Energy Services (TSE:SES) had its price target hoisted by BMO Capital Markets from C$17.00 to C$20.00 in a research report sent to investors on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also commented on the company. Raymond James raised their price target on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research note on Thursday. National Bankshares raised their target price on shares of Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC boosted their price target on shares of Secure Energy Services from C$15.00 to C$16.00 and gave the company a “neutral” rating in a research report on Thursday. Scotiabank raised their price objective on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, ATB Capital increased their target price on Secure Energy Services from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Secure Energy Services has an average rating of “Moderate Buy” and an average target price of C$16.58.

Secure Energy Services Trading Up 2.5 %

SES opened at C$15.90 on Thursday. Secure Energy Services has a one year low of C$7.57 and a one year high of C$15.91. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. The business has a 50 day simple moving average of C$12.77 and a two-hundred day simple moving average of C$12.01. The firm has a market capitalization of C$3.83 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.00%.

Insider Buying and Selling at Secure Energy Services

In related news, Director Mark Bly bought 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average cost of C$11.52 per share, with a total value of C$115,200.00. In other news, Director Mark Bly bought 10,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average price of C$11.52 per share, for a total transaction of C$115,200.00. Also, Director Rene Amirault sold 10,844 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$132,296.80. Over the last 90 days, insiders sold 73,016 shares of company stock worth $877,203. 0.95% of the stock is owned by insiders.

About Secure Energy Services

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.