Secure Energy Services (TSE:SES) Hits New 52-Week High - What's Next?

Key Points

• Secure Energy Services Inc. (TSE:SES) recently reached a new 52-week high of C$17.30, indicating strong trading interest with a volume of 24,552 shares.
• The company announced a quarterly dividend of $0.10, representing an annualized yield of 2.3%, to be paid on October 15th to shareholders of record on October 1st.
• Equities analysts have mixed ratings on Secure Energy Services, with two "strong-buy," five "buy," and three "hold" ratings, resulting in a consensus target price of C$18.31.

Shares of Secure Energy Services Inc. (TSE:SES - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$17.30 and last traded at C$17.30, with a volume of 24552 shares traded. The stock had previously closed at C$16.96.

Analysts Set New Price Targets

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

Secure Energy Services Price Performance

The firm has a 50 day moving average of C$16.34 and a 200-day moving average of C$15.11. The company has a market cap of C$4.05 billion, a P/E ratio of 20.26, a P/E/G ratio of 0.17 and a beta of 0.84. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.2%. Secure Energy Services's dividend payout ratio is currently 43.96%.

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.