Secure Energy Services Inc. (TSE:SES) Receives Average Recommendation of “Moderate Buy” from Brokerages

Secure Energy Services Inc. (TSE:SES) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$17.20.

Several analysts recently weighed in on SES shares. Royal Bank of Canada set a C$17.00 price objective on shares of Secure Energy Services and gave the company a “sector perform” rating in a research report on Thursday, December 19th. CIBC lifted their price objective on shares of Secure Energy Services from C$16.00 to C$17.25 in a research report on Tuesday, December 17th. Scotiabank lifted their price objective on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Raymond James raised their target price on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Eight Capital raised their target price 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.

Secure Energy Services Trading Down 0.8 %

Shares of TSE:SES opened at C$14.91 on Friday. The company has a market cap of C$3.59 billion, a PE ratio of 7.46, a P/E/G ratio of 0.17 and a beta of 2.41. The company’s 50-day moving average price is C$15.91 and its 200 day moving average price is C$14.13. Secure Energy Services has a fifty-two week low of C$10.08 and a fifty-two week 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.

Insider Transactions at Secure Energy Services

In other news, insider David Bonderman sold 2,995 shares of Secure Energy Services stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total value of C$48,905.36. Also, insider Llc Tpg Gp A sold 4,271 shares of Secure Energy Services stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$16.50, for a total transaction of C$70,475.77. Insiders have sold 28,565 shares of company stock valued at $478,734 in the last quarter. Insiders own 0.95% of the company’s stock.

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.