Secure Energy Services Inc. (TSE:SES) Receives Consensus Rating of “Buy” from Analysts

Shares of Secure Energy Services Inc. (TSE:SESGet Rating) have received an average rating of “Buy” from the nine brokerages that are covering the stock, reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$9.72.

Several equities research analysts have weighed in on SES shares. Raymond James boosted their price objective on Secure Energy Services from C$8.75 to C$10.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 3rd. TD Securities cut Secure Energy Services from a “buy” rating to a “hold” rating and set a C$8.50 target price on the stock. in a research note on Thursday, November 3rd. Canaccord Genuity Group upped their target price on Secure Energy Services from C$9.50 to C$10.00 in a research note on Wednesday, November 16th. Stifel Nicolaus upped their target price on Secure Energy Services from C$9.75 to C$10.00 in a research note on Thursday, July 28th. Finally, ATB Capital boosted their price target on Secure Energy Services from C$9.00 to C$10.50 in a report on Thursday, November 3rd.

Secure Energy Services Trading Up 1.3 %

Shares of TSE SES opened at C$7.56 on Friday. The business’s 50 day moving average is C$6.76 and its two-hundred day moving average is C$6.41. The company has a debt-to-equity ratio of 89.35, a current ratio of 1.41 and a quick ratio of 1.10. Secure Energy Services has a 1-year low of C$4.58 and a 1-year high of C$7.85. The stock has a market capitalization of C$2.34 billion and a P/E ratio of -12.43.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, October 14th were issued a dividend of $0.0075 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.03 dividend on an annualized basis and a yield of 0.40%. Secure Energy Services’s dividend payout ratio is currently -4.93%.

Insiders Place Their Bets

In related news, Director Rene Amirault bought 9,700 shares of the stock in a transaction on Monday, September 12th. The stock was bought at an average price of C$5.64 per share, for a total transaction of C$54,727.40. Following the completion of the acquisition, the director now directly owns 445,873 shares in the company, valued at C$2,515,615.47.

Secure Energy Services Company Profile

(Get Rating)

Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The company's Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.

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Analyst Recommendations for Secure Energy Services (TSE:SES)

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