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

Secure Energy Services Inc. (TSE:SES) has earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$17.20.

SES has been the subject of several research reports. Raymond James increased their target price on 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. National Bankshares upped their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Royal Bank of Canada set a C$17.00 price objective on Secure Energy Services and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. BMO Capital Markets upped their target price on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Eight Capital lifted their price target on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Thursday, October 31st.

Secure Energy Services Stock Performance

SES opened at C$15.82 on Wednesday. The stock has a market cap of C$3.81 billion, a P/E ratio of 7.91, 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 current ratio of 1.15 and a quick ratio of 1.10. The firm has a fifty day moving average price of C$16.24 and a 200 day moving average price of C$13.62. Secure Energy Services has a 1 year low of C$9.47 and a 1 year high of C$17.13.

Insider Transactions at Secure Energy Services

In other Secure Energy Services news, Director Wendy Hanrahan purchased 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of C$16.66 per share, for a total transaction of C$116,585.00. Also, insider David Bonderman sold 2,995 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total value of C$48,905.36. In the last three months, insiders sold 28,565 shares of company stock valued at $478,734. 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.