Secure Energy Services Inc. (TSE:SES) Receives C$19.47 Average PT from Analysts

Secure Energy Services Inc. (TSE:SES) has been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$19.81.

SES has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the company a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada boosted their price target on shares of Secure Energy Services from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. BMO Capital Markets lowered shares of Secure Energy Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Scotiabank lowered Secure Energy Services from an “outperform” rating to a “hold” rating and boosted their target price for the company from C$19.00 to C$22.00 in a research report on Friday. Finally, National Bankshares raised their price target on Secure Energy Services from C$18.50 to C$23.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th.

Secure Energy Services Price Performance

TSE:SES opened at C$17.94 on Friday. Secure Energy Services has a 52 week low of C$12.04 and a 52 week high of C$21.15. The stock’s fifty day moving average is C$17.39 and its two-hundred day moving average is C$15.59. The company has a market capitalization of C$3.94 billion, a P/E ratio of 19.71, a P/E/G ratio of 0.17 and a beta of 0.98. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24.

Secure Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.2%. Secure Energy Services’s dividend payout ratio (DPR) is 43.96%.

About Secure Energy Services

Secure Waste Infrastructure Corp. provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental & Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma.