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

Secure Energy Services Inc. (TSE:SES - Get Free Report) has earned an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$16.58.

Several equities analysts have commented on the stock. Raymond James lifted their target price on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. National Bankshares lifted their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. CIBC boosted their price objective on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Eight Capital raised their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price objective on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st.

Secure Energy Services Stock Up 0.5 %

Shares of SES stock traded up C$0.08 on Tuesday, hitting C$16.77. The stock had a trading volume of 377,426 shares, compared to its average volume of 710,418. Secure Energy Services has a 12-month low of C$7.57 and a 12-month high of C$17.13. The stock has a market cap of C$4.04 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The business has a 50 day moving average of C$13.88 and a 200 day moving average of C$12.46. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10.

Secure Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.39%. Secure Energy Services's dividend payout ratio (DPR) is presently 20.00%.

Insider Buying and Selling

In other news, Director Mark Bly purchased 10,000 shares of the company's stock in a transaction on Thursday, September 12th. The stock was purchased at an average price of C$11.52 per share, with a total value of C$115,200.00. Also, insider Llc Tpg Gp A sold 12,725 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$16.99, for a total value of C$216,235.93. Over the last ninety days, insiders acquired 34,000 shares of company stock worth $432,346 and sold 44,251 shares worth $625,793. 0.95% of the stock is 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.