Secure Energy Services (TSE:SES) Hits New 52-Week High - Time to Buy?

Key Points

• Secure Energy Services Inc. (TSE:SES) reached a new 52-week high of C$19.24, closing at C$19.18 with a trading volume of over 1 million shares.
• Analysts have mixed opinions; Stifel Nicolaus upgraded the stock to a "buy" rating while BMO Capital Markets downgraded it to a "hold." The average target price for the stock is currently C$18.31.
• The company declared a quarterly dividend of $0.10 per share, scheduled for payment on October 15th, providing an annualized yield of 2.1%.

Secure Energy Services Inc. (TSE:SES - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$19.24 and last traded at C$19.18, with a volume of 1074427 shares. The stock had previously closed at C$18.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SES shares. Stifel Nicolaus raised their price target on Secure Energy Services from C$17.00 to C$17.50 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Raymond James Financial raised Secure Energy Services to a "moderate buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price target on 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. BMO Capital Markets downgraded Secure Energy Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Stifel Canada raised Secure Energy Services to a "strong-buy" rating in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Secure Energy Services presently has an average rating of "Moderate Buy" and an average target price of C$18.31.

Secure Energy Services Price Performance

The company has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 0.17 and a beta of 0.84. The stock has a fifty day simple moving average of C$16.45 and a 200-day simple moving average of C$15.17. The company has a debt-to-equity ratio of 48.24, a current ratio of 1.13 and a quick ratio of 1.10.

Secure Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 yield of 2.1%. Secure Energy Services's payout ratio is presently 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.

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