Secure Energy Services Inc. (TSE:SES) Given Average Rating of “Moderate Buy” by Analysts

Secure Energy Services Inc. (TSE:SES) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$17.20.

Several brokerages have recently commented on SES. Scotiabank boosted their price target on Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Eight Capital boosted their target price 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. BMO Capital Markets upped their target price on Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a 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 stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Raymond James boosted their price objective on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, insider David Bonderman sold 2,995 shares of Secure Energy Services stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$16.33, for a total transaction of C$48,905.36. Also, Director Wendy Hanrahan purchased 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average price of C$16.66 per share, with a total value of C$116,585.00. Insiders sold 28,565 shares of company stock valued at $478,734 over the last 90 days. 0.95% of the stock is owned by corporate insiders.

Secure Energy Services Stock Performance

Shares of SES stock opened at C$15.86 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The stock has a 50 day simple moving average of C$16.31 and a 200-day simple moving average of C$13.69. The company has a market cap of C$3.82 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 12-month low of C$9.76 and a 12-month high of C$17.13.

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.