Secure Energy Services Inc. (TSE:SES) Insider James G. Coulter Sells 8,574 Shares

Secure Energy Services Inc. (TSE:SES) insider James G. Coulter sold 8,574 shares of Secure Energy Services stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$16.69, for a total value of C$143,117.21.

Secure Energy Services Stock Performance

Shares of SES traded down C$0.36 during trading hours on Friday, hitting C$16.18. The stock had a trading volume of 602,700 shares, compared to its average volume of 708,904. 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 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 stock has a fifty day moving average price of C$14.18 and a 200 day moving average price of C$12.56.

Secure Energy Services Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SES. Scotiabank lifted their target price on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. ATB Capital upped 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 report on Thursday, October 31st. National Bankshares lifted their target price on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, CIBC boosted their price target on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Secure Energy Services currently 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.