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

Key Points

• Secure Energy Services Inc. has received a consensus rating of "Moderate Buy" from brokerages, with a target price of C$18.31 based on ten ratings firms.
• The company's most recent dividend was $0.10 per share, yielding 2.4%, with a payout ratio of 15.67%.
• Secure Energy Services' stock saw a 52-week range between C$11.13 and C$17.23, and it currently has a market capitalization of C$3.82 billion.

Secure Energy Services Inc. (TSE:SES - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned 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$18.31.

Several research analysts have issued reports on SES shares. Scotiabank decreased their price target on shares of Secure Energy Services from C$19.50 to C$19.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. National Bank Financial upgraded shares of Secure Energy Services to a "strong-buy" rating in a research report on Monday, May 26th. Stifel Canada upgraded shares of Secure Energy Services to a "strong-buy" rating in a research report on Thursday, May 29th. National Bankshares lifted their price target on shares of Secure Energy Services from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, ATB Capital decreased their price target on shares of Secure Energy Services from C$20.00 to C$19.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th.

Secure Energy Services Stock Performance

Shares of TSE SES opened at C$16.40 on Thursday. The firm's 50-day moving average price is C$15.83 and its two-hundred day moving average price is C$14.77. The stock has a market capitalization of C$3.82 billion, a P/E ratio of 6.43, a P/E/G ratio of 0.17 and a beta of 2.41. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. Secure Energy Services has a 52-week low of C$11.13 and a 52-week high of C$17.23.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.4%. Secure Energy Services's payout ratio is 15.67%.

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.

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.