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

Key Points

• Secure Energy Services Inc. has received a consensus rating of "Moderate Buy" from analysts, with 5 out of 10 research firms recommending a buy or strong buy.
• The average twelve-month price target for Secure Energy Services shares is C$18.31, indicating potential growth from the current share price of C$16.63.
• The company's market capitalization stands at C$3.66 billion, with financial metrics including a price-to-earnings ratio of 18.27 and a debt-to-equity ratio of 48.24.

Shares of Secure Energy Services Inc. (TSE:SES - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$18.31.

Several analysts have recently weighed in on SES shares. Stifel Nicolaus lifted their price objective on shares of Secure Energy Services from C$17.00 to C$17.50 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Stifel Canada upgraded shares of Secure Energy Services to a "strong-buy" rating in a research note on Thursday, May 29th. BMO Capital Markets lowered shares of Secure Energy Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. National Bankshares lifted their price objective on shares of Secure Energy Services from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada lifted their price objective on shares of Secure Energy Services from C$15.00 to C$17.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th.

Secure Energy Services Trading Up 3.2%

TSE:SES traded up C$0.56 during mid-day trading on Monday, hitting C$18.02. 4,423,533 shares of the company's stock were exchanged, compared to its average volume of 771,573. 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 has a fifty-two week low of C$11.89 and a fifty-two week high of C$18.10. The company has a 50 day simple moving average of C$16.34 and a 200-day simple moving average of C$15.08. The firm has a market capitalization of C$3.96 billion, a P/E ratio of 19.80, a PEG ratio of 0.17 and a beta of 0.84.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.2%. Secure Energy Services's dividend payout ratio (DPR) is currently 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.