Secure Energy Services (TSE:SES) Price Target Raised to C$17.25

Secure Energy Services (TSE:SES) had its price objective raised by CIBC from C$16.00 to C$17.25 in a research note released on Tuesday,BayStreet.CA reports.

A number of other analysts have also recently commented on the stock. Eight Capital upped their price target on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets increased their target price on Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” 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 stock an “outperform” rating in a report on Thursday, October 31st. National Bankshares boosted 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 note on Thursday, October 31st. Finally, Raymond James increased their price objective on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$17.20.

Secure Energy Services Stock Performance

Shares of SES stock opened at C$16.27 on Tuesday. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The firm has a market cap of C$3.92 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 52 week low of C$8.85 and a 52 week high of C$17.13. The firm’s 50-day simple moving average is C$15.57 and its two-hundred day simple moving average is C$13.16.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.40 annualized dividend and a yield of 2.46%. Secure Energy Services’s payout ratio is presently 20.00%.

Insider Activity at Secure Energy Services

In other news, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$48,934.20. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total transaction of C$145,350.00. In the last ninety days, insiders have sold 54,820 shares of company stock worth $805,315. Insiders own 0.95% of the company’s stock.

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.