Secure Energy Services Inc. (TSE:SES) Senior Officer Sells C$538,121.90 in Stock

Secure Energy Services Inc. (TSE:SES) Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total transaction of C$538,121.90.

Secure Energy Services Stock Down 0.1 %

Shares of TSE SES opened at C$12.04 on Thursday. The firm has a fifty day simple moving average of C$11.79 and a two-hundred day simple moving average of C$11.39. Secure Energy Services Inc. has a 12 month low of C$6.70 and a 12 month high of C$12.53. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The firm has a market capitalization of C$2.90 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Monday, July 1st. Secure Energy Services’s payout ratio is currently 20.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. CIBC boosted their target price on Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. National Bankshares boosted their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. ATB Capital raised their target price on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their price target on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, BMO Capital Markets increased their price target on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Secure Energy Services presently has an average rating of “Moderate Buy” and a consensus target price of C$13.97.

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.