Analysts Set Secure Energy Services Inc. (TSE:SES) Target Price at C$16.58

Shares of Secure Energy Services Inc. (TSE:SES) have received an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$16.58.

A number of research firms recently commented on SES. National Bankshares upped their price objective on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets lifted their price objective on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Eight Capital raised their target price on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Scotiabank raised their target price on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Raymond James increased their price target on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research report on Thursday, October 31st.

Secure Energy Services Trading Down 0.8 %

Shares of SES opened at C$16.54 on Tuesday. The firm has a market capitalization of C$3.98 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03. Secure Energy Services has a 12-month low of C$7.57 and a 12-month high of C$17.13. The stock’s fifty day simple moving average is C$13.98 and its 200-day simple moving average is C$12.49.

Secure Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.42%. Secure Energy Services’s dividend payout ratio (DPR) is currently 20.00%.

Insiders Place Their Bets

In other news, Senior Officer Corey Ray Higham acquired 17,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of C$11.80 per share, with a total value of C$200,560.90. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total value of C$145,350.00. Over the last three months, insiders acquired 34,000 shares of company stock worth $432,346 and sold 44,251 shares worth $625,793. 0.95% of the stock is currently owned by corporate 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.