Rhonda Kimberly Rudnitski Sells 45,761 Shares of Secure Energy Services Inc. (TSE:SES) Stock

Secure Energy Services Inc. (TSE:SES) Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90.

Secure Energy Services Stock Up 2.2 %

Shares of TSE SES opened at C$12.05 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03. The firm has a 50-day moving average price of C$11.78 and a 200 day moving average price of C$11.38. Secure Energy Services Inc. has a 52 week low of C$6.70 and a 52 week high of C$12.53. The stock has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 6.03, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.32%. Secure Energy Services’s payout ratio is 20.00%.

Wall Street Analysts Forecast Growth

SES has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. ATB Capital lifted their price objective on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped their price objective on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Raymond James lifted their target price on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, CIBC increased their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.97.

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.