Secure Energy Services Inc. (TSE:SES) Insider David Bonderman Sells 2,995 Shares of Stock

Secure Energy Services Inc. (TSE:SES) insider David Bonderman sold 2,995 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total transaction of C$48,905.36.

Secure Energy Services Trading Down 2.2 %

Shares of Secure Energy Services stock opened at C$16.18 on Friday. The firm’s 50 day moving average is C$14.18 and its 200 day moving average is C$12.56. The firm has a market capitalization of C$3.89 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services Inc. has a 1 year low of C$7.58 and a 1 year high of C$17.13. 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 Announces Dividend

The business also recently announced 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 was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.47%. Secure Energy Services’s payout ratio is presently 20.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SES shares. National Bankshares boosted their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Scotiabank upped their target price on Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Eight Capital increased their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. ATB Capital boosted their price target on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Raymond James increased their price objective on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.