Secure Energy Services (TSE:SES) Price Target Raised to C$17.00

Secure Energy Services (TSE:SES) had its target price increased by National Bankshares from C$14.00 to C$17.00 in a report published on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. Raymond James increased their price target on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research report on Thursday. Scotiabank increased their price objective on Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets boosted their target price on shares of Secure Energy Services from C$16.00 to C$17.00 in a report on Tuesday, October 22nd. CIBC upped their price target on shares of Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Eight Capital set a C$20.00 price objective on shares of Secure Energy Services and gave the company a “buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$16.58.

Secure Energy Services Trading Up 2.5 %

Secure Energy Services stock opened at C$15.90 on Thursday. The company has a market cap of C$3.83 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 0.17 and a beta of 2.41. The firm has a 50-day moving average of C$12.77 and a 200-day moving average of C$12.02. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. Secure Energy Services has a one year low of C$7.57 and a one year high of C$15.91.

Secure Energy Services Announces Dividend

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

Insider Transactions at Secure Energy Services

In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of Secure Energy Services stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total transaction of C$538,121.90. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$48,934.20. In the last 90 days, insiders sold 73,016 shares of company stock worth $877,203. 0.95% of the stock is owned by 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.