Secure Energy Services (TSE:SES) Given a C$17.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a C$17.00 price objective on Secure Energy Services (TSE:SES) in a research note issued to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts also recently commented on SES. National Bankshares boosted their price objective on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Eight Capital raised their price objective on shares of 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. ATB Capital raised their target price 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. Scotiabank boosted their price target on Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, CIBC increased their price objective on Secure Energy Services from C$16.00 to C$17.25 in a report on Tuesday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Secure Energy Services currently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.20.

Secure Energy Services Stock Up 2.4 %

SES stock opened at C$16.27 on Thursday. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. Secure Energy Services has a 1-year low of C$8.85 and a 1-year high of C$17.13. The firm has a fifty day moving average price of C$15.62 and a two-hundred day moving average price of C$13.18. The firm has a market cap of C$3.92 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services Dividend Announcement

The firm 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. This represents a $0.40 annualized dividend and a yield of 2.46%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s payout ratio is presently 20.00%.

Insider Activity at Secure Energy Services

In other Secure Energy Services news, insider Llc Tpg Gp A sold 12,725 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$16.99, for a total transaction of C$216,235.93. Also, insider David Bonderman sold 2,995 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total value of C$48,905.36. Insiders have sold a total of 54,820 shares of company stock valued at $805,315 in the last 90 days. 0.95% of the stock is owned by corporate insiders.

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.