BMO Capital Markets Increases Secure Energy Services (TSE:SES) Price Target to C$16.00

Secure Energy Services (TSE:SES) had its price objective boosted by BMO Capital Markets from C$14.00 to C$16.00 in a research note published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

SES has been the subject of a number of other reports. ATB Capital upped their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an outperform rating in a research report on Friday, April 26th. CIBC upped their price objective on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. Raymond James upped their price objective on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the stock an outperform rating in a research report on Friday, April 26th. Stifel Nicolaus boosted their target price on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a buy rating in a report on Thursday, April 18th. Finally, National Bankshares boosted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Secure Energy Services has a consensus rating of Moderate Buy and a consensus price target of C$13.97.

Secure Energy Services Price Performance

SES stock opened at C$11.83 on Wednesday. The company has a 50 day simple moving average of C$11.72 and a 200 day simple moving average of C$11.28. The stock has a market cap of C$3.11 billion, a price-to-earnings ratio of 6.10, a P/E/G ratio of 0.17 and a beta of 2.55. Secure Energy Services has a 1 year low of C$6.70 and a 1 year high of C$12.53. The company has a debt-to-equity ratio of 28.54, a current ratio of 1.71 and a quick ratio of 1.10.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Monday, July 1st. Secure Energy Services’s dividend payout ratio is currently 20.62%.

Insider Activity

In other news, Senior Officer Corey Ray Higham acquired 208,949 shares of Secure Energy Services stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of C$11.58 per share, with a total value of C$2,419,504.05. In related news, Director Rene Amirault sold 43,125 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total transaction of C$515,343.75. Also, Senior Officer Corey Ray Higham bought 208,949 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average price of C$11.58 per share, for a total transaction of C$2,419,504.05. In the last three months, insiders have bought 323,569 shares of company stock valued at $3,752,369. 0.93% of the stock is currently owned by insiders.

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.