Secure Energy Services Inc. (TSE:SES) Receives C$16.58 Consensus Target Price from Analysts

Secure Energy Services Inc. (TSE:SES) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$16.70.

Several equities analysts have recently weighed in on SES shares. Raymond James raised their price target on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Scotiabank upped their price target on 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. Eight Capital lifted their price objective 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. BMO Capital Markets raised 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 note on Thursday, October 31st. Finally, CIBC boosted their price target on shares of Secure Energy Services from C$16.00 to C$17.25 in a research report on Tuesday.

Insider Activity

In related news, insider Llc Tpg Gp A sold 12,725 shares of Secure Energy Services stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$16.99, for a total value of C$216,235.93. Also, insider David Bonderman sold 2,995 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$16.33, for a total value of C$48,905.36. Over the last ninety days, insiders sold 54,820 shares of company stock valued at $805,315. 0.95% of the stock is currently owned by corporate insiders.

Secure Energy Services Stock Down 1.7 %

Shares of SES opened at C$15.89 on Friday. The stock has a 50 day moving average price of C$15.51 and a 200 day moving average price of C$13.14. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The stock has a market capitalization of C$3.82 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services has a one year low of C$8.77 and a one year high of C$17.13.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is 20.00%.

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.