Secure Energy Services (TSE:SES) Given a C$17.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a C$17.00 target price on Secure Energy Services (TSE:SES) in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other analysts have also recently weighed in on the stock. ATB Capital increased their price target on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Raymond James raised their target price on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. National Bankshares lifted their target price on 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. Eight Capital increased their price target on 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. Finally, Scotiabank boosted their price objective on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$17.20.

Secure Energy Services Stock Down 1.8 %

Shares of TSE SES opened at C$15.98 on Thursday. The stock has a market cap of C$3.85 billion, a PE ratio of 7.99, 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. Secure Energy Services has a 12-month low of C$9.02 and a 12-month high of C$17.13. The company has a 50-day moving average of C$15.67 and a 200 day moving average of C$13.22.

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is currently 20.00%.

Insiders Place Their Bets

In related news, insider James G. Coulter sold 8,574 shares of Secure Energy Services stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$16.69, for a total value of C$143,117.21. Also, insider David Bonderman sold 2,995 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$16.33, for a total transaction of C$48,905.36. Insiders have sold a total of 54,820 shares of company stock worth $805,315 in the last ninety days. 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.