Secure Energy Services (TSE:SES) Reaches New 12-Month High at $12.34

Secure Energy Services Inc. (TSE:SES) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$12.34 and last traded at C$12.07, with a volume of 77372 shares trading hands. The stock had previously closed at C$11.46.

Analyst Upgrades and Downgrades

SES has been the subject of a number of recent research reports. ATB Capital lifted their target price on Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday. National Bankshares boosted their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday. Raymond James raised their target price on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets boosted their price target on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus lifted their price objective on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Secure Energy Services currently has an average rating of “Moderate Buy” and a consensus target price of C$13.97.

Secure Energy Services Stock Down 0.2 %

The company has a debt-to-equity ratio of 28.54, a quick ratio of 1.10 and a current ratio of 1.71. The firm’s 50-day moving average price is C$11.70 and its two-hundred day moving average price is C$11.27. The firm has a market cap of C$3.20 billion, a PE ratio of 6.27, a P/E/G ratio of 0.17 and a beta of 2.55.

Secure Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, July 1st. Secure Energy Services’s payout ratio is currently 20.62%.

Insiders Place Their Bets

In related news, Director Rene Amirault sold 43,125 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$11.95, for a total value of C$515,343.75. In related news, Director Rene Amirault sold 43,125 shares of Secure Energy Services stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total value of C$515,343.75. Also, Senior Officer Michael Wayne Callihoo acquired 3,600 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of C$11.16 per share, for a total transaction of C$40,176.00. In the last three months, insiders have acquired 323,569 shares of company stock valued at $3,752,369. Insiders own 0.93% 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.