Secure Energy Services (TSE:SES) Given New C$16.00 Price Target at CIBC

Secure Energy Services (TSE:SES) had its target price raised by CIBC from C$15.00 to C$16.00 in a research report report published on Thursday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other equities analysts also recently issued reports on the stock. ATB Capital increased their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Scotiabank set a C$16.00 target price on Secure Energy Services and gave the stock an “outperform” rating in a report on Friday, October 4th. Raymond James raised their price target on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a report on Thursday. National Bankshares upped their price target on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Finally, BMO Capital Markets raised their price objective on shares of Secure Energy Services from C$16.00 to C$17.00 in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$16.58.

Secure Energy Services Price Performance

Shares of SES stock opened at C$15.90 on Thursday. 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 business’s 50 day moving average price is C$12.77 and its 200-day moving average price is C$12.02. The firm has a market cap of C$3.83 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.17 and a beta of 2.41. Secure Energy Services has a fifty-two week low of C$7.57 and a fifty-two week high of C$15.91.

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 issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.52%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio is currently 20.00%.

Insiders Place Their Bets

In related news, Director Rene Amirault sold 10,844 shares of Secure Energy Services stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$132,296.80. In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of Secure Energy Services stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Director Rene Amirault sold 10,844 shares of the 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$132,296.80. Insiders sold a total of 73,016 shares of company stock worth $877,203 over the last three months. 0.95% of the stock is currently owned by company 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.