Secure Energy Services (TSE:SES) Price Target Increased to C$15.00 by Analysts at ATB Capital

Secure Energy Services (TSE:SES) had its price target boosted by ATB Capital from C$14.50 to C$15.00 in a research report released on Wednesday morning, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

SES has been the subject of several other reports. CIBC raised their target price on shares of Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Raymond James raised their target price on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the stock an outperform rating in a report on Friday, April 26th. National Bankshares raised their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday. Stifel Nicolaus raised their target price on shares of 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. Finally, BMO Capital Markets raised their target price 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Secure Energy Services currently has a consensus rating of Moderate Buy and a consensus target price of C$13.97.

Secure Energy Services Stock Performance

TSE:SES opened at C$11.83 on Wednesday. Secure Energy Services has a twelve month low of C$6.70 and a twelve month high of C$12.53. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 28.54. The company has a 50-day moving average of C$11.72 and a 200-day moving average of C$11.28. The firm has a market cap of C$3.11 billion, a price-to-earnings ratio of 6.10, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Monday, July 1st. Secure Energy Services’s dividend payout ratio is 20.62%.

Insider Activity

In other news, Senior Officer Allen Peter Gransch purchased 106,620 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were bought at an average price of C$11.66 per share, with a total value of C$1,243,189.20. In related news, Senior Officer Allen Peter Gransch bought 106,620 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average price of C$11.66 per share, with a total value of C$1,243,189.20. Also, Director Rene Amirault sold 43,125 shares of the business’s stock in a transaction 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 bought a total of 323,569 shares of company stock valued at $3,752,369 over the last 90 days. 0.93% of the stock is currently owned by company 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.