Secure Energy Services Inc. (TSE:SES) Insider Sells C$48,905.36 in Stock

Secure Energy Services Inc. (TSE:SES) insider David Bonderman sold 2,995 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$16.33, for a total value of C$48,905.36.

Secure Energy Services Stock Down 1.4 %

Shares of TSE SES opened at C$15.95 on Tuesday. 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 has a market cap of C$3.84 billion, a PE ratio of 8.04, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services Inc. has a 52-week low of C$7.71 and a 52-week high of C$17.13. The business has a fifty day moving average of C$14.18 and a two-hundred day moving average of C$12.57.

Secure Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SES shares. ATB Capital boosted their price objective on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Eight Capital upped their price target on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Raymond James boosted their price objective on shares of 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. BMO Capital Markets raised their target price on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, National Bankshares upped their price objective on shares of Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$16.58.

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.