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

Shares of Secure Energy Services Inc. (TSE:SES) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the stock, 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 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$16.70.

A number of research firms have recently weighed in on SES. CIBC raised their price objective on Secure Energy Services from C$16.00 to C$17.25 in a research report on Tuesday. BMO Capital Markets raised their price target on Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Eight Capital increased their price objective on shares of 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. Scotiabank boosted their target price on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, National Bankshares raised their price target 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.

Secure Energy Services Price Performance

Shares of SES opened at C$15.89 on Friday. The company has a 50 day moving average of C$15.51 and a two-hundred day moving average of C$13.14. 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 twelve month low of C$8.77 and a twelve month high of C$17.13. The company has a market cap of C$3.82 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio is currently 20.00%.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, insider Llc Tpg Gp A sold 12,725 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$16.99, for a total value of C$216,235.93. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total value of C$145,350.00. In the last quarter, insiders sold 54,820 shares of company stock worth $805,315. Insiders own 0.95% of the company’s stock.

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.