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

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 given an average recommendation of "Moderate Buy" by the ten research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$18.31.

A number of research firms have issued reports on SES. Scotiabank cut their target price on Secure Energy Services from C$19.50 to C$19.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. ATB Capital cut their target price on Secure Energy Services from C$20.00 to C$19.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. National Bank Financial upgraded Secure Energy Services to a "strong-buy" rating in a research note on Monday, May 26th. Raymond James Financial upgraded Secure Energy Services to a "moderate buy" rating in a research note on Wednesday, July 30th. Finally, Stifel Canada raised Secure Energy Services to a "strong-buy" rating in a report on Thursday, May 29th.

Secure Energy Services Stock Performance

SES stock traded up C$0.12 during mid-day trading on Thursday, reaching C$16.62. The company had a trading volume of 2,084,916 shares, compared to its average volume of 769,407. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. The stock has a market capitalization of C$3.87 billion, a P/E ratio of 6.51, a P/E/G ratio of 0.17 and a beta of 2.41. Secure Energy Services has a one year low of C$11.13 and a one year high of C$17.23. The stock's 50-day simple moving average is C$15.90 and its two-hundred day simple moving average is C$14.81.

Secure Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. Secure Energy Services's dividend payout ratio (DPR) is 15.67%.

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.