Secure Energy Services Inc. (TSE:SES) Receives C$16.58 Consensus Price Target from Brokerages

Shares of Secure Energy Services Inc. (TSE:SES) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$16.58.

A number of equities analysts have commented on the stock. Eight Capital boosted their price objective on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Raymond James lifted their price target on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a report on Thursday, October 31st. Scotiabank upped their price objective on 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. CIBC lifted their price target on Secure Energy Services from C$15.00 to C$16.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, ATB Capital increased their target price on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st.

Secure Energy Services Stock Performance

Shares of SES stock opened at C$16.54 on Tuesday. The company’s fifty day simple moving average is C$13.98 and its 200-day simple moving average is C$12.49. The company has a market cap of C$3.98 billion, a PE ratio of 8.30, a P/E/G ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 52 week low of C$7.57 and a 52 week high of C$17.13. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03.

Secure Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio is 20.00%.

Insider Activity at Secure Energy Services

In other news, insider Llc Tpg Gp A sold 4,271 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$16.50, for a total transaction of C$70,475.77. Also, Director Mark Bly purchased 10,000 shares of Secure Energy Services stock in a transaction on Thursday, September 12th. The stock was bought at an average cost of C$11.52 per share, with a total value of C$115,200.00. Over the last ninety days, insiders have acquired 34,000 shares of company stock valued at $432,346 and have sold 44,251 shares valued at $625,793. 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.