Secure Energy Services (TSE:SES) Price Target Cut to C$8.00 by Analysts at BMO Capital Markets

Secure Energy Services (TSE:SES – Get Rating) had its price objective decreased by BMO Capital Markets from C$11.00 to C$8.00 in a research note published on Tuesday morning, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. Cormark reduced their target price on Secure Energy Services from C$12.00 to C$10.50 in a research note on Tuesday. CIBC lowered Secure Energy Services from an outperform rating to a neutral rating and reduced their price objective for the company from C$10.50 to C$8.00 in a research note on Tuesday. ATB Capital lifted their price objective on Secure Energy Services from C$9.00 to C$10.50 in a report on Wednesday, January 4th. Stifel Nicolaus lifted their target price on Secure Energy Services from C$11.00 to C$11.50 in a research report on Friday, March 3rd. Finally, National Bank Financial downgraded Secure Energy Services from an outperform overweight rating to a sector perform overweight rating in a research note on Sunday. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of C$9.25.

Secure Energy Services Price Performance

SES stock opened at C$6.72 on Tuesday. Secure Energy Services has a 1 year low of C$5.02 and a 1 year high of C$8.76. The company has a debt-to-equity ratio of 81.44, a quick ratio of 1.10 and a current ratio of 1.25. The stock’s 50 day moving average price is C$7.76 and its 200 day moving average price is C$7.03. The firm has a market cap of C$2.05 billion, a P/E ratio of -33.60, a PEG ratio of 0.17 and a beta of 2.52.

Secure Energy Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 16th. Stockholders of record on Sunday, January 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 29th. This is a boost from Secure Energy Services’s previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a dividend yield of 5.95%. Secure Energy Services’s dividend payout ratio (DPR) is currently -200.00%.

Insider Transactions at Secure Energy Services

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

About Secure Energy Services

(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.