Secure Energy Services (TSE:SES) Downgraded to Sector Perform at National Bankshares

National Bankshares cut shares of Secure Energy Services (TSE:SES – Get Rating) from an outperform rating to a sector perform rating in a report released on Monday, BayStreet.CA reports. The firm currently has C$8.00 target price on the stock, down from their prior target price of C$10.00.

Several other equities research analysts also recently weighed in on the stock. CIBC increased their target price on shares of Secure Energy Services from C$9.50 to C$10.50 in a research note on Tuesday, January 17th. TD Securities upped their price objective on Secure Energy Services from C$8.50 to C$9.00 and gave the stock a hold rating in a report on Friday. Canaccord Genuity Group lowered their target price on Secure Energy Services from C$10.50 to C$9.00 and set a speculative buy rating on the stock in a report on Monday. ATB Capital upped their target price on Secure Energy Services from C$9.00 to C$10.50 in a report on Wednesday, January 4th. Finally, Stifel Nicolaus upped their target price on Secure Energy Services from C$11.00 to C$11.50 in a report on Friday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$9.83.

Secure Energy Services Stock Down 19.6 %

Secure Energy Services stock opened at C$6.78 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.10 and a debt-to-equity ratio of 89.35. The stock’s fifty day simple moving average is C$7.77 and its 200-day simple moving average is C$7.03. The firm has a market capitalization of C$2.10 billion, a P/E ratio of -33.95, a P/E/G ratio of 0.17 and a beta of 2.52. Secure Energy Services has a twelve month low of C$5.02 and a twelve month high of C$8.76.

Secure Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 16th. Shareholders of record on Sunday, January 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, December 29th. This is a positive change from Secure Energy Services’s previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a yield of 5.90%. Secure Energy Services’s dividend payout ratio is currently -200.00%.

Insiders Place Their Bets

In other news, Senior Officer James Darryl Anderson sold 3,951 shares of the stock in a transaction dated Friday, January 6th. The stock was sold at an average price of C$6.65, for a total value of C$26,273.36. Following the completion of the sale, the insider now owns 367,897 shares in the company, valued at C$2,446,441.47. In other news, Senior Officer James Darryl Anderson sold 3,951 shares of the stock in a transaction dated Friday, January 6th. The stock was sold at an average price of C$6.65, for a total value of C$26,273.36. Following the completion of the sale, the insider now owns 367,897 shares in the company, valued at C$2,446,441.47. Also, Director Rene Amirault sold 17,761 shares of the stock in a transaction dated Friday, January 6th. The shares were sold at an average price of C$6.65, for a total value of C$118,107.10. Following the completion of the sale, the director now owns 464,255 shares of the company’s stock, valued at approximately C$3,087,202.90. 1.61% of the stock is currently owned by insiders.

About Secure Energy Services

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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.