Secure Energy Services Inc. (TSE:SES) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Secure Energy Services Inc. (TSE:SES) have earned an average rating of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on 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 research analysts recently commented on SES shares. Eight Capital boosted 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 increased their price target on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets increased 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 report on Thursday, October 31st. CIBC raised 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. Finally, National Bankshares upped their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Secure Energy Services Price Performance

SES opened at C$15.95 on Tuesday. 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 has a 1 year low of C$7.71 and a 1 year high of C$17.13. The stock has a fifty day moving average price of C$14.18 and a 200 day moving average price of C$12.57. The stock has a market cap of C$3.84 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 2.51%. Secure Energy Services’s dividend payout ratio is 20.00%.

Insider Transactions at Secure Energy Services

In other Secure Energy Services news, insider David Bonderman sold 2,995 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$16.33, for a total value of C$48,905.36. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’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 value of C$48,934.20. Over the last quarter, insiders have purchased 34,000 shares of company stock worth $432,346 and have sold 54,820 shares worth $805,315. 0.95% of the stock is currently owned by corporate insiders.

Secure Energy Services Company Profile

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.