Secure Energy Services (TSE:SES) Sets New 52-Week High - Still a Buy?

Key Points

• Secure Energy Services Inc. (TSE:SES) achieved a new 52-week high at C$19.92 during trading with a recent close of C$19.90, reflecting positive market sentiment.
• Analyst ratings for Secure Energy Services are mixed, with two analysts rating it as a Strong Buy, five as Buy, and three as Hold, giving a consensus rating of "Moderate Buy".
• The company declared a quarterly dividend of $0.10 per share, resulting in an annualized yield of 2.0%, scheduled for payment on October 15th.

Secure Energy Services Inc. (TSE:SES - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$19.92 and last traded at C$19.90, with a volume of 524565 shares trading hands. The stock had previously closed at C$19.65.

Wall Street Analyst Weigh In

SES has been the subject of several recent analyst reports. Raymond James Financial raised shares of Secure Energy Services to a "moderate buy" rating in a research note on Wednesday, July 30th. Stifel Nicolaus boosted 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. BMO Capital Markets cut shares of Secure Energy Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on shares of Secure Energy Services from C$15.00 to C$17.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Finally, National Bankshares boosted their price target on shares of Secure Energy Services from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$18.31.

Secure Energy Services Trading Up 1.3%

The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13. The firm has a market cap of C$4.37 billion, a PE ratio of 21.87, a PEG ratio of 0.17 and a beta of 0.84. The stock's 50 day simple moving average is C$16.73 and its 200 day simple moving average is C$15.32.

Secure Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 2.0%. Secure Energy Services's payout ratio is 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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