National Bankshares Issues Positive Forecast for Secure Energy Services (TSE:SES) Stock Price

Secure Energy Services (TSE:SES) had its price objective upped by National Bankshares from C$18.50 to C$23.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on SES. Raymond James Financial upgraded Secure Energy Services to a “moderate buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada boosted their price target on 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. Stifel Nicolaus upped their target price on Secure Energy Services from C$17.50 to C$23.50 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, BMO Capital Markets downgraded Secure Energy Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Secure Energy Services currently has a consensus rating of “Moderate Buy” and an average target price of C$19.47.

Secure Energy Services Stock Down 7.8%

Secure Energy Services stock opened at C$19.38 on Tuesday. The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13. The business’s 50-day simple moving average is C$17.17 and its two-hundred day simple moving average is C$15.53. The company has a market cap of C$4.26 billion, a PE ratio of 21.30, a PEG ratio of 0.17 and a beta of 0.98. Secure Energy Services has a fifty-two week low of C$12.04 and a fifty-two week high of C$21.15.

Secure Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.1%. Secure Energy Services’s dividend payout ratio is currently 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.