Secure Energy Services Inc. (TSE:SES) Director Buys C$116,585.00 in Stock

Secure Energy Services Inc. (TSE:SES) Director Wendy Hanrahan purchased 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average price of C$16.66 per share, with a total value of C$116,585.00.

Secure Energy Services Stock Up 1.2 %

TSE SES opened at C$16.77 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. Secure Energy Services Inc. has a 12 month low of C$7.57 and a 12 month high of C$16.85. The stock’s 50 day moving average is C$13.11 and its 200 day moving average is C$12.15. The stock has a market cap of C$4.04 billion, a PE ratio of 8.39, a P/E/G ratio of 0.17 and a beta of 2.41.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s payout ratio is 20.00%.

Analyst Upgrades and Downgrades

SES has been the topic of a number of analyst reports. Eight Capital lifted their price objective on 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. BMO Capital Markets lifted their price objective on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Raymond James lifted their price objective on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research report on Thursday, October 31st. National Bankshares lifted their price objective 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. Finally, ATB Capital lifted their price objective on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Secure Energy Services has an average rating of “Moderate Buy” and an average target price of C$16.58.

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.