Secure Energy Services Inc. (TSE:SES) Insider Sells C$70,475.77 in Stock

Secure Energy Services Inc. (TSE:SES) insider Llc Tpg Gp A sold 4,271 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$16.50, for a total value of C$70,475.77.

Llc Tpg Gp A also recently made the following trade(s):

• On Tuesday, November 12th, Llc Tpg Gp A sold 12,725 shares of Secure Energy Services stock. The stock was sold at an average price of C$16.99, for a total transaction of C$216,235.93.

Secure Energy Services Price Performance

Shares of SES opened at C$16.69 on Tuesday. The stock has a market capitalization of C$4.02 billion, a PE ratio of 8.35, a PEG ratio of 0.17 and a beta of 2.41. The company has a 50 day moving average price of C$13.67 and a 200-day moving average price of C$12.40. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. Secure Energy Services Inc. has a fifty-two week low of C$7.57 and a fifty-two week high of C$17.13.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.40%. Secure Energy Services’s dividend payout ratio is presently 20.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SES. 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 report on Thursday, October 31st. 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 research note on Thursday, October 31st. Raymond James upped their target price on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research note on Thursday, October 31st. CIBC raised their price target on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets upped their price objective on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.58.

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.