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

Secure Energy Services Inc. (TSE:SES) has received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$20.44.

A number of research analysts have weighed in on SES shares. Royal Bank Of Canada increased their price target on Secure Energy Services from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Scotiabank lowered shares of Secure Energy Services from an “outperform” rating to a “hold” rating and boosted their price objective for the stock from C$19.00 to C$22.00 in a report on Friday, October 10th. Stifel Nicolaus raised their target price on Secure Energy Services from C$17.50 to C$23.50 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Raymond James Financial lifted their target price on Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, National Bankshares boosted their price target on Secure Energy Services from C$18.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th.

Secure Energy Services Stock Performance

Shares of SES opened at C$17.12 on Tuesday. Secure Energy Services has a 12-month low of C$12.04 and a 12-month high of C$21.15. The stock has a market cap of C$3.74 billion, a P/E ratio of 18.81, a PEG 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. The company has a 50-day moving average of C$18.03 and a two-hundred day moving average of C$16.11.

Secure Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.3%. Secure Energy Services’s payout ratio is 43.96%.

Secure Energy Services Company Profile

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.