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

Secure Energy Services Inc. (TSE:SES) insider David Bonderman sold 2,995 shares of the company’s 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.

Secure Energy Services Price Performance

Secure Energy Services stock opened at C$16.18 on Monday. The stock has a market capitalization of C$3.89 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services Inc. has a 52-week low of C$7.58 and a 52-week high of C$17.13. The stock’s 50 day moving average price is C$14.18 and its two-hundred day moving average price is C$12.57. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15.

Secure Energy Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SES shares. National Bankshares upped 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. Eight Capital upped their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Scotiabank upped their target price on Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Raymond James upped their target price on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, ATB Capital upped their target price 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.58.

About Secure Energy Services

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.