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

Key Points

• Secure Energy Services Inc. has received a **consensus recommendation of "Moderate Buy"** from ten brokerages, with five recommending a buy and two a strong buy.
• The company's **average 12-month price target** is set at **C$19.47**, with notable revisions from several analysts increasing their target prices significantly.
• Secure Energy announced a **quarterly dividend of $0.10**, reflecting a **2.1% yield** and a dividend payout ratio of approximately **43.96%**.

Shares of Secure Energy Services Inc. (TSE:SES - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.