Secure Energy Services Inc. (TSE:SES) Given Average Rating of “Moderate Buy” by Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$17.20.

A number of analysts have weighed in on SES shares. Royal Bank of Canada set a C$17.00 target price on shares of Secure Energy Services and gave the stock a “sector perform” rating in a report on Thursday, December 19th. ATB Capital increased their price objective on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Eight Capital raised their target price 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. BMO Capital Markets raised their price target on Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Raymond James lifted their price objective on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research report on Thursday, October 31st.

Secure Energy Services Stock Performance

SES stock opened at C$15.82 on Wednesday. The stock’s 50 day simple moving average is C$16.24 and its 200 day simple moving average is C$13.62. Secure Energy Services has a 12-month low of C$9.47 and a 12-month high of C$17.13. The firm has a market cap of C$3.81 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.17 and a beta of 2.41. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, insider David Bonderman sold 2,995 shares of Secure Energy Services stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total value of C$48,905.36. Also, Director Wendy Hanrahan acquired 7,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of C$16.66 per share, with a total value of C$116,585.00. In the last ninety days, insiders sold 28,565 shares of company stock valued at $478,734. 0.95% of the stock is owned by corporate 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.