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

Secure Energy Services Inc. (TSE:SES) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$16.58.

SES has been the topic of a number of analyst reports. Eight Capital upped their price target on Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price objective on Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Scotiabank boosted 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. ATB Capital boosted their price objective on 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. Finally, Raymond James boosted their price objective on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Secure Energy Services Stock Performance

Shares of TSE:SES opened at C$16.69 on Tuesday. The business’s fifty day moving average price is C$13.67 and its two-hundred day moving average price is C$12.40. Secure Energy Services has a fifty-two week low of C$7.57 and a fifty-two week high of C$17.13. The stock has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a $0.10 dividend. 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 dividend payout ratio (DPR) is presently 20.00%.

Insider Activity at Secure Energy Services

In other news, Senior Officer Corey Ray Higham bought 17,000 shares of the stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of C$11.80 per share, for a total transaction of C$200,560.90. Also, insider Llc Tpg Gp A sold 12,725 shares of Secure Energy Services stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$16.99, for a total transaction of C$216,235.93. In the last quarter, insiders have bought 34,000 shares of company stock worth $432,346 and have sold 44,251 shares worth $625,793. 0.95% of the stock is owned by corporate insiders.

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.