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 firm’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 Performance

Secure Energy Services stock traded down C$0.36 during mid-day trading on Friday, reaching C$16.18. 602,700 shares of the stock traded hands, compared to its average volume of 708,904. The stock has a market capitalization of C$3.89 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. Secure Energy Services Inc. has a 12-month low of C$7.58 and a 12-month high of C$17.13. The business’s 50-day moving average is C$14.18 and its 200-day moving average is C$12.56.

Secure Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. ATB Capital raised their price objective on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Eight Capital lifted their price objective on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Scotiabank lifted their price target on 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. National Bankshares lifted their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price target on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.