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

Key Points

• Secure Energy Services Inc. has received an average rating of "Buy" from analysts, with two strong buy ratings and seven buy ratings among eleven brokerages.
• The firm reported a quarterly dividend of $0.10 per share, with a yield of 2.41% and a payout ratio of 15.67%.
• Secure Energy's stock opened at C$16.63 and has exhibited a market cap of C$3.87 billion, with a PE ratio of 6.52.

Secure Energy Services Inc. (TSE:SES - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$18.31.

A number of analysts have issued reports on the stock. National Bank Financial upgraded shares of Secure Energy Services to a "strong-buy" rating in a research note on Monday, May 26th. BMO Capital Markets lowered shares of Secure Energy Services from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Secure Energy Services from C$15.00 to C$17.00 and gave the company a "sector perform" rating in a research report on Wednesday. Scotiabank dropped 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. Finally, ATB Capital dropped 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 Down 5.6%

TSE SES traded down C$0.91 during trading on Friday, reaching C$15.33. The company's stock had a trading volume of 2,589,415 shares, compared to its average volume of 766,300. 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 stock has a market capitalization of C$3.57 billion, a PE ratio of 6.01, a PEG ratio of 0.17 and a beta of 2.41. The business has a 50-day moving average price of C$15.53 and a 200-day moving average price of C$14.72. Secure Energy Services has a 1-year low of C$11.13 and a 1-year high of C$17.23.

Secure Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.61%. Secure Energy Services's dividend payout ratio (DPR) is presently 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.