Brokerages Set Secure Energy Services Inc. (TSE:SES) PT at C$16.58

Shares of Secure Energy Services Inc. (TSE:SES) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$16.58.

Several equities research analysts recently commented on the company. ATB Capital lifted their price objective on Secure Energy Services from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. CIBC lifted their price target on shares of 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. BMO Capital Markets boosted their target price on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. National Bankshares raised their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Scotiabank upped their price objective on Secure Energy Services from C$16.00 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 Secure Energy Services stock opened at C$16.33 on Friday. The firm’s 50-day moving average is C$15.46 and its 200 day moving average is C$13.11. Secure Energy Services has a 1 year low of C$8.77 and a 1 year high of C$17.13. 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 stock has a market cap of C$3.93 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.45%. Secure Energy Services’s dividend payout ratio (DPR) is 20.00%.

Insider Activity at Secure Energy Services

In other news, insider Llc Tpg Gp A sold 12,725 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$16.99, for a total value of C$216,235.93. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total value of C$145,350.00. Over the last ninety days, insiders sold 54,820 shares of company stock valued at $805,315. 0.95% of the stock is owned by corporate insiders.

Secure Energy Services Company Profile

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.