Secure Energy Services Inc. (TSE:SES) Director Wendy Hanrahan Buys 7,000 Shares

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

Secure Energy Services Price Performance

TSE SES opened at C$16.77 on Friday. Secure Energy Services Inc. has a one year low of C$7.57 and a one year high of C$16.85. The stock has a 50-day moving average of C$13.11 and a 200 day moving average of C$12.15. The company has a market capitalization of C$4.04 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 0.17 and a beta of 2.41. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15.

Secure Energy Services Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on the company. Eight Capital raised 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. Scotiabank raised their price target on Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. ATB Capital raised their price target on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. National Bankshares raised their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Raymond James raised their price target on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and eight have issued 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$16.58.

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.