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

Secure Energy Services Inc. (TSE:SES) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$13.97.

Several analysts have recently weighed in on SES shares. BMO Capital Markets raised their price objective on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. ATB Capital raised their price target on 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. Stifel Nicolaus boosted their price objective on 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. Raymond James upped their target price on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, CIBC lifted their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th.

Secure Energy Services Trading Up 1.2 %

Shares of Secure Energy Services stock opened at C$12.19 on Friday. Secure Energy Services has a 12-month low of C$6.70 and a 12-month high of C$12.53. The stock has a market capitalization of C$2.93 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43. The company has a 50-day simple moving average of C$11.79 and a 200 day simple moving average of C$11.39. 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 Dividend Announcement

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

Insider Buying and Selling

In other news, Senior Officer Corey Ray Higham bought 208,949 shares of the business’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of C$11.58 per share, for a total transaction of C$2,419,504.05. In other Secure Energy Services news, 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 acquired at an average cost of C$11.58 per share, for a total transaction of C$2,419,504.05. Also, Director Rene Amirault sold 43,125 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$11.95, for a total transaction of C$515,343.75. Insiders have sold 153,886 shares of company stock valued at $1,800,966 in the last 90 days. 0.94% of the stock is 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.