Insider Selling: Secure Energy Services Inc. (TSE:SES) Insider Sells 2,995 Shares of Stock

Secure Energy Services Inc. (TSE:SES) insider David Bonderman sold 2,995 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total value of C$48,905.36.

Secure Energy Services Stock Down 2.2 %

SES stock opened at C$16.18 on Monday. Secure Energy Services Inc. has a twelve month low of C$7.58 and a twelve month high of C$17.13. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03. The firm has a market capitalization of C$3.89 billion, a PE ratio of 8.09, a PEG ratio of 0.17 and a beta of 2.41. The stock has a 50-day simple moving average of C$14.18 and a two-hundred day simple moving average of C$12.57.

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s payout ratio is 20.00%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SES shares. Eight Capital boosted their price objective on 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. ATB Capital boosted their price objective on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note 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. CIBC lifted their target price on Secure Energy Services from C$15.00 to C$16.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets lifted their target price on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and eight have assigned 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$16.58.

Secure Energy Services Company Profile

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.