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

Shares of Secure Energy Services Inc. (TSE:SES) have received an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings 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 1 year target price among brokers that have issued ratings on the stock in the last year is C$16.58.

A number of analysts have issued reports on SES shares. ATB Capital raised 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 note 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 report on Thursday, October 31st. CIBC boosted their target price on shares of 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. BMO Capital Markets increased their price target 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. Finally, National Bankshares lifted their price target on shares of Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st.

Secure Energy Services Price Performance

TSE:SES opened at C$16.18 on Tuesday. The stock has a 50 day moving average price of C$14.18 and a 200 day moving average price of C$12.56. The stock has a market cap of C$3.89 billion, a PE ratio of 8.09, a P/E/G ratio of 0.17 and a beta of 2.41. 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 has a one year low of C$7.58 and a one year high of C$17.13.

Secure Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.47%. Secure Energy Services’s dividend payout ratio is currently 20.00%.

Insider Activity at Secure Energy Services

In related news, Director Mark Bly purchased 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were bought at an average price of C$11.52 per share, for a total transaction of C$115,200.00. Also, insider Llc Tpg Gp A sold 12,725 shares of Secure Energy Services 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 transaction of C$216,235.93. In the last three months, insiders bought 34,000 shares of company stock worth $432,346 and sold 55,820 shares worth $817,815. 0.95% of the stock is currently owned by company 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.