Secure Energy Services (TSE:SES) Price Target Raised to C$20.00 at BMO Capital Markets

Secure Energy Services (TSE:SES) had its target price lifted by BMO Capital Markets from C$17.00 to C$20.00 in a report issued on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

SES has been the topic of a number of other reports. Scotiabank boosted 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 report on Thursday. Raymond James upped 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. National Bankshares lifted their price objective on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC upped 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. Finally, Eight Capital raised their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$16.58.

Secure Energy Services Trading Up 2.5 %

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

Secure Energy Services Dividend Announcement

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

Insider Activity at Secure Energy Services

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

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.