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

Shares of Secure Energy Services Inc. (TSE:SES) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$16.58.

Several equities research analysts recently weighed in on SES shares. 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. Eight Capital upped their price target on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Scotiabank raised their price objective 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 upped their target price 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. Finally, ATB Capital lifted their price target on 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.

Secure Energy Services Stock Down 1.4 %

Shares of Secure Energy Services stock opened at C$15.95 on Tuesday. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. Secure Energy Services has a 1-year low of C$7.71 and a 1-year high of C$17.13. The business’s fifty day moving average price is C$14.18 and its two-hundred day moving average price is C$12.57. The company has a market capitalization of C$3.84 billion, a P/E ratio of 8.04, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services Announces Dividend

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

Insiders Place Their Bets

In other Secure Energy Services news, Senior Officer Corey Ray Higham purchased 17,000 shares of the company’s stock in a transaction that occurred 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, Director Mark Bly acquired 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of C$11.52 per share, with a total value of C$115,200.00. Over the last ninety days, insiders bought 34,000 shares of company stock worth $432,346 and sold 54,820 shares worth $805,315. Corporate insiders own 0.95% of the company’s stock.

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.