Secure Energy Services (TSE:SES) PT Raised to C$16.00 at BMO Capital Markets

Secure Energy Services (TSE:SES) had its price target lifted by BMO Capital Markets from C$14.00 to C$16.00 in a research note released on Wednesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

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

Secure Energy Services Trading Down 2.7 %

Shares of TSE SES opened at C$11.83 on Wednesday. Secure Energy Services has a 1 year low of C$6.70 and a 1 year high of C$12.53. The stock has a market cap of C$3.11 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55. The firm has a 50-day moving average of C$11.73 and a 200 day moving average of C$11.29. The company has a debt-to-equity ratio of 28.54, a current ratio of 1.71 and a quick ratio of 1.10.

Secure Energy Services Announces Dividend

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

Insider Activity

In related news, Senior Officer Michael Wayne Callihoo acquired 4,400 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was purchased at an average cost of C$11.25 per share, with a total value of C$49,500.00. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo bought 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average cost of C$11.25 per share, for a total transaction of C$49,500.00. Also, Director Rene Amirault sold 43,125 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$11.95, for a total transaction of C$515,343.75. Insiders purchased 323,569 shares of company stock valued at $3,752,369 over the last three months. Insiders own 0.93% 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.