Secure Energy Services Inc. (TSE:SES) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Secure Energy Services Inc. (TSE:SES) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$16.58.

A number of equities research analysts have issued reports on SES shares. Scotiabank lifted their target price on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Raymond James lifted their price objective 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, October 31st. Eight Capital upped 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 report on Thursday, October 31st. National Bankshares raised their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, CIBC boosted their price target on Secure Energy Services from C$15.00 to C$16.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st.

Insiders Place Their Bets

In related news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total transaction of C$145,350.00. Also, insider Llc Tpg Gp A sold 12,725 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$16.99, for a total transaction of C$216,235.93. Insiders sold a total of 54,820 shares of company stock valued at $805,315 in the last quarter. Insiders own 0.95% of the company’s stock.

Secure Energy Services Stock Performance

SES stock opened at C$16.43 on Friday. The stock has a market cap of C$3.95 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.17 and a beta of 2.41. 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 firm has a 50 day simple moving average of C$15.39 and a 200 day simple moving average of C$13.05. Secure Energy Services has a 52 week low of C$8.66 and a 52 week high of C$17.13.

Secure Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.43%. Secure Energy Services’s payout ratio is presently 20.00%.

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.