Secure Energy Services Inc. (TSE:SES) Given Average Rating of “Moderate Buy” by Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$19.47.

Several brokerages recently commented on SES. Raymond James Financial raised Secure Energy Services to a “moderate buy” rating in a research report on Wednesday, July 30th. BMO Capital Markets cut Secure Energy Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on Secure Energy Services from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Stifel Nicolaus raised 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 report on Thursday, October 2nd. Finally, National Bankshares raised their target price 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.

Secure Energy Services Trading Down 4.8%

Shares of SES stock opened at C$18.81 on Friday. Secure Energy Services has a 1 year low of C$12.04 and a 1 year high of C$21.15. The firm’s fifty day simple moving average is C$17.34 and its 200 day simple moving average is C$15.58. The firm has a market capitalization of C$4.14 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 0.17 and a beta of 0.98. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24.

Secure Energy Services Announces Dividend

The business 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.1%. 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.