Secure Energy Services (TSE:SES) Sets New 52-Week High - Here's What Happened

Secure Energy Services Inc. (TSE:SES - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as C$16.25 and last traded at C$16.16, with a volume of 11451 shares changing hands. The stock had previously closed at C$16.10.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. ATB Capital boosted their target price 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 research note on Thursday, October 31st. National Bankshares increased their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, CIBC upped their target price on 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Secure Energy Services presently has an average rating of "Moderate Buy" and a consensus price target of C$16.58.

Secure Energy Services Trading Up 0.1 %

The company's 50 day moving average price is C$12.86 and its 200 day moving average price is C$12.05. 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 firm has a market cap of C$3.88 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

Secure Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid 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 yield of 2.48%. Secure Energy Services's dividend payout ratio is currently 20.00%.

Insider Buying and Selling

In other Secure Energy Services news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. In other Secure Energy Services news, Director Rene Amirault sold 10,844 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$132,296.80. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of Secure Energy Services stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. Insiders sold 73,016 shares of company stock worth $877,203 over the last 90 days. 0.95% of the stock is owned by 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.