National Bankshares Raises Secure Energy Services (TSE:SES) Price Target to C$14.00

Secure Energy Services (TSE:SES) had its target price upped by National Bankshares from C$13.00 to C$14.00 in a report published on Wednesday, BayStreet.CA reports.

SES has been the topic of several other research reports. ATB Capital lifted their price target on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an outperform rating in a research note on Friday, April 26th. BMO Capital Markets boosted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Raymond James boosted 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 research report on Friday, April 26th. CIBC boosted their target price on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. Finally, Stifel Nicolaus boosted 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 research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of C$13.97.

Secure Energy Services Stock Performance

Secure Energy Services stock opened at C$11.83 on Wednesday. Secure Energy Services has a 12-month low of C$6.70 and a 12-month high of C$12.53. The company has a market capitalization of C$3.11 billion, a price-to-earnings ratio of 6.10, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55. The company has a debt-to-equity ratio of 28.54, a current ratio of 1.71 and a quick ratio of 1.10. The firm’s fifty day moving average price is C$11.73 and its 200 day moving average price is C$11.29.

Secure Energy Services Announces Dividend

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

Insider Activity at Secure Energy Services

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo acquired 3,600 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average price of C$11.16 per share, with a total value of C$40,176.00. In other news, Senior Officer Corey Ray Higham bought 208,949 shares of Secure Energy Services stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of C$11.58 per share, with a total value of C$2,419,504.05. Also, Senior Officer Michael Wayne Callihoo bought 3,600 shares of Secure Energy Services stock in a transaction on Thursday, May 9th. The shares were purchased at an average cost of C$11.16 per share, with a total value of C$40,176.00. Insiders acquired a total of 323,569 shares of company stock valued at $3,752,369 in the last quarter. Insiders own 0.93% 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.