Secure Energy Services Inc. (TSE:SES) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research 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 brokerages that have issued a report on the stock in the last year is C$16.58.

Several analysts have issued reports on the company. BMO Capital Markets upped their price objective 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. Eight Capital boosted their price target on 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. Scotiabank raised their price objective on 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. National Bankshares lifted 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. Finally, Raymond James increased their target price on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a report on Thursday, October 31st.

Insider Activity

In other news, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$48,934.20. Also, insider David Bonderman sold 2,995 shares of Secure Energy Services stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$16.33, for a total value of C$48,905.36. Insiders sold a total of 54,820 shares of company stock worth $805,315 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

Secure Energy Services Price Performance

Shares of TSE SES opened at C$16.43 on Friday. 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 fifty-two week low of C$8.66 and a fifty-two week high of C$17.13. The business has a 50 day moving average price of C$15.39 and a two-hundred day moving average price of C$13.05. The firm has a market cap of C$3.95 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s payout ratio is currently 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.