Secure Energy Services (TSE:SES) Reaches New 1-Year High - Here's What Happened

Secure Energy Services Inc. (TSE:SES - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$17.00 and last traded at C$16.85, with a volume of 30811 shares traded. The stock had previously closed at C$16.86.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. ATB Capital increased their target price on Secure Energy Services from C$17.00 to C$18.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their target price on 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. Scotiabank increased their target price on Secure Energy Services from C$16.00 to C$18.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Eight Capital increased their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Raymond James increased 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 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's stock. Based on data from MarketBeat, Secure Energy Services presently has an average rating of "Moderate Buy" and a consensus target price of C$16.58.

Secure Energy Services Price Performance

The firm has a market cap of C$4.09 billion, a PE ratio of 8.50, a PEG ratio of 0.17 and a beta of 2.41. The firm has a fifty day simple moving average of C$13.30 and a two-hundred day simple moving average of C$12.24. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 2.35%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services's dividend payout ratio (DPR) is 20.00%.

Insider Transactions at Secure Energy Services

In related news, Director Mark Bly bought 10,000 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of C$11.52 per share, for a total transaction of C$115,200.00. In other Secure Energy Services news, Director Wendy Hanrahan purchased 7,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of C$16.66 per share, with a total value of C$116,585.00. Also, Director Mark Bly purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of C$11.52 per share, with a total value of C$115,200.00. In the last 90 days, insiders purchased 34,000 shares of company stock worth $432,346 and sold 27,255 shares worth $339,081. 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.