Secure Energy Services Inc. (TSE:SES) to Issue Quarterly Dividend of $0.10

Secure Energy Services Inc. (TSE:SES - Get Free Report) announced a quarterly dividend on Monday, June 16th, RTT News reports. Investors of record on Tuesday, July 1st will be given a dividend of 0.10 per share on Tuesday, July 15th. This represents a $0.40 annualized dividend and a yield of 2.52%.

Secure Energy Services Trading Up 1.3%

TSE:SES traded up C$0.20 on Monday, hitting C$15.87. The stock had a trading volume of 308,416 shares, compared to its average volume of 778,415. The company has a fifty day moving average price of C$13.84 and a two-hundred day moving average price of C$14.80. Secure Energy Services has a 1-year low of C$11.13 and a 1-year high of C$17.13. 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 cap of C$3.69 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.17 and a beta of 2.41.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SES shares. National Bankshares lowered their price target on Secure Energy Services from C$18.00 to C$17.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Royal Bank of Canada lowered their target price on shares of Secure Energy Services from C$17.00 to C$15.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. BMO Capital Markets reduced their price target on shares of Secure Energy Services from C$20.00 to C$18.00 in a research note on Thursday, April 17th. Raymond James increased their price objective on shares of Secure Energy Services from C$16.25 to C$18.00 in a research report on Monday, February 24th. Finally, 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 report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$17.97.

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.

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