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

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

A number of other research firms have also commented on SES. BMO Capital Markets lifted their target price on Secure Energy Services from C$17.00 to C$20.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. CIBC raised their target price on shares of Secure Energy Services from C$16.00 to C$17.25 in a report on Tuesday. 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. Raymond James lifted their price objective 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. Finally, Scotiabank increased their target price on 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 company. Based on data from MarketBeat, Secure Energy Services has an average rating of "Moderate Buy" and an average target price of C$17.20.

Secure Energy Services Stock Up 2.4 %

Shares of SES traded up C$0.38 during trading hours on Thursday, hitting C$16.27. The company had a trading volume of 1,051,383 shares, compared to its average volume of 714,313. Secure Energy Services has a 52-week low of C$8.85 and a 52-week high of C$17.13. The firm has a fifty day moving average price of C$15.57 and a 200-day moving average price of C$13.16. The stock has a market capitalization of C$3.92 billion, a price-to-earnings ratio of 8.14, 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 Announces Dividend

The company also recently disclosed 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 2.46%. Secure Energy Services's payout ratio is 20.00%.

Insider Activity at Secure Energy Services

In related news, insider Llc Tpg Gp A sold 12,725 shares of the company's stock in a transaction 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. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the business's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00. In the last quarter, insiders have sold 54,820 shares of company stock worth $805,315. 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.