CIBC Issues Positive Forecast for Secure Energy Services (TSE:SES) Stock Price

Secure Energy Services (TSE:SES - Free Report) had its price target lifted by CIBC from C$16.00 to C$17.25 in a report published on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on the stock. National Bankshares boosted their target price on shares of 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. BMO Capital Markets lifted their target price on Secure Energy Services from C$17.00 to C$20.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Eight Capital lifted their price target on Secure Energy Services from C$20.00 to C$22.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Scotiabank upped their price target on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, Raymond James increased their price target on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$16.70.

Secure Energy Services Stock Down 1.0 %

Shares of TSE:SES traded down C$0.17 during trading on Tuesday, hitting C$16.16. 712,413 shares of the company's stock traded hands, compared to its average volume of 712,411. The company has a market cap of C$3.89 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 52 week low of C$8.77 and a 52 week high of C$17.13. The company has a 50-day moving average price of C$15.46 and a 200-day moving average price of C$13.11. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.10 per share. 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 (DPR) is 20.00%.

Insider Activity at Secure Energy Services

In related news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00. Also, insider Llc Tpg Gp A sold 12,725 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$16.99, for a total transaction of C$216,235.93. Over the last quarter, insiders sold 54,820 shares of company stock valued at $805,315. Company insiders own 0.95% of the company's stock.

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.