Brokerages Set Secure Energy Services Inc. (TSE:SES) Price Target at C$13.97

Shares of Secure Energy Services Inc. (TSE:SES) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$13.97.

A number of brokerages have recently weighed in on SES. National Bankshares raised their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. BMO Capital Markets raised their price objective on Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. ATB Capital raised their price objective on Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. CIBC raised their price objective on Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. Finally, Raymond James increased their price target on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a report on Wednesday, July 31st.

Secure Energy Services Trading Down 1.7 %

Shares of Secure Energy Services stock opened at C$11.98 on Friday. The firm has a market cap of C$2.88 billion, a price-to-earnings ratio of 5.99, a PEG ratio of 0.17 and a beta of 2.43. The business has a 50-day moving average price of C$11.80 and a 200-day moving average price of C$11.40. 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$6.70 and a twelve month high of C$12.53.

Secure Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday, July 1st. Secure Energy Services’s payout ratio is 20.00%.

Insider Activity at Secure Energy Services

In other Secure Energy Services news, Senior Officer James Darryl Anderson sold 65,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$11.50, for a total value of C$747,500.00. In other Secure Energy Services news, Senior Officer James Darryl Anderson sold 65,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$11.50, for a total value of C$747,500.00. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total transaction of C$538,121.90. In the last quarter, insiders sold 153,886 shares of company stock valued at $1,800,966. Insiders own 0.94% 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.