Secure Energy Services (TSE:SES) Given New C$17.25 Price Target at CIBC

Secure Energy Services (TSE:SES) had its target price increased by CIBC from C$16.00 to C$17.25 in a report published on Tuesday morning,BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. National Bankshares increased 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 research note on Thursday, October 31st. Raymond James raised their price target on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research report on Thursday, October 31st. ATB Capital raised their price objective on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Eight Capital raised 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 research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$16.70.

Secure Energy Services Trading Down 1.0 %

Shares of TSE SES opened at C$16.16 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. The stock has a market capitalization of C$3.89 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The business has a fifty day moving average price of C$15.46 and a 200 day moving average price of C$13.11. Secure Energy Services has a 1-year low of C$8.77 and a 1-year high of C$17.13.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s payout ratio is currently 20.00%.

Insider Buying and Selling

In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of Secure Energy Services 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, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00. Insiders sold a total of 54,820 shares of company stock worth $805,315 in the last 90 days. Company 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.