Secure Energy Services (TSE:SES) Hits New 52-Week High - Here's Why

Key Points

• Secure Energy Services Inc. reached a new 52-week high with its stock trading at C$17.15, up from a previous close of C$16.72 and with a trading volume of 129,385 shares.
• Equities analysts have varied opinions on the stock, with ratings ranging from "hold" to "strong-buy" and a consensus price target of C$17.92.
• The company declared a quarterly dividend of $0.10 paid on July 15th, representing an annualized yield of 2.48% with a payout ratio of 15.67%.

Secure Energy Services Inc. (TSE:SES - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$17.23 and last traded at C$17.15, with a volume of 129385 shares traded. The stock had previously closed at C$16.72.

Analyst Upgrades and Downgrades

SES has been the topic of a number of research reports. Stifel Canada raised shares of Secure Energy Services to a "strong-buy" rating in a research report on Thursday, May 29th. Stifel Nicolaus raised their target price on shares of Secure Energy Services from C$17.00 to C$17.50 and gave the stock a "buy" rating in a research report on Wednesday. National Bankshares raised their target price on shares of Secure Energy Services from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a research report on Wednesday. Royal Bank Of Canada raised their target price on shares of Secure Energy Services from C$15.00 to C$17.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, BMO Capital Markets lowered shares of Secure Energy Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$18.31.

Secure Energy Services Price Performance

The firm has a market capitalization of C$3.55 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.17 and a beta of 2.41. The stock's fifty day simple moving average is C$15.55 and its 200 day simple moving average is C$14.72. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. Secure Energy Services's payout ratio is 15.67%.

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.