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 rating of “Moderate Buy” by the ten research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$16.58.

A number of equities research analysts have commented on SES shares. ATB Capital increased their price objective on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. National Bankshares raised their target price on shares of 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. Eight Capital increased 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 raised their target price on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Scotiabank lifted 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 report on Thursday, October 31st.

Insiders Place Their Bets

In related news, Director Mark Bly acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of C$11.52 per share, with a total value of C$115,200.00. Also, insider Llc Tpg Gp A sold 4,271 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$16.50, for a total value of C$70,475.77. Over the last ninety days, insiders acquired 34,000 shares of company stock valued at $432,346 and sold 44,251 shares valued at $625,793. Insiders own 0.95% of the company’s stock.

Secure Energy Services Stock Performance

Shares of SES stock opened at C$16.69 on Tuesday. Secure Energy Services has a one year low of C$7.57 and a one year high of C$17.13. The firm’s 50 day moving average price is C$13.67 and its 200-day moving average price is C$12.40. The firm has a market cap of C$4.02 billion, a P/E ratio of 8.35, 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.

Secure Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s payout ratio is presently 20.00%.

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.