Secure Energy Services Inc. (TSE:SES) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Secure Energy Services Inc. (TSE:SES) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$13.97.

Several analysts have recently weighed in on SES shares. Stifel Nicolaus lifted their price objective on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the company a “buy” rating in a research note on Thursday, April 18th. ATB Capital upped their price objective on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Raymond James raised their target price on Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. National Bankshares upped their price target on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Finally, CIBC raised their price objective on Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th.

Secure Energy Services Stock Performance

Shares of Secure Energy Services stock opened at C$12.19 on Friday. The business has a 50-day moving average price of C$11.79 and a two-hundred day moving average price of C$11.39. 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 current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The company has a market cap of C$2.93 billion, a P/E ratio of 6.10, a PEG ratio of 0.17 and a beta of 2.43.

Secure Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Monday, July 1st. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.00%.

Insider Transactions at Secure Energy Services

In other news, Senior Officer James Darryl Anderson sold 65,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$11.50, for a total transaction of C$747,500.00. In other news, Senior Officer James Darryl Anderson sold 65,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$11.50, for a total transaction of C$747,500.00. Also, Senior Officer Corey Ray Higham acquired 208,949 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of C$11.58 per share, with a total value of C$2,419,504.05. Insiders have sold 153,886 shares of company stock worth $1,800,966 in the last 90 days. Insiders own 0.94% 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.