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

Key Points

• Secure Energy Services Inc. (TSE:SES) reached a new 52-week high, trading at C$20.87, with a significant trading volume of 93,183 shares.
• Recent analyst ratings show a mix of optimism and caution, with two analysts giving a Strong Buy rating, while BMO Capital Markets downgraded the stock to a hold rating.
• The company announced a quarterly dividend of $0.10 per share, representing a yield of 1.9% and a payout ratio of 43.96%.

Secure Energy Services Inc. (TSE:SES - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as C$20.87 and last traded at C$20.87, with a volume of 93183 shares traded. The stock had previously closed at C$20.65.

Wall Street Analysts Forecast Growth

SES has been the topic of a number of research reports. Raymond James Financial raised Secure Energy Services to a "moderate buy" rating in a research note on Wednesday, July 30th. Stifel Nicolaus boosted their price target on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the stock a "buy" rating in a research report on Thursday. Royal Bank Of Canada lifted their price objective 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 note on Wednesday, July 30th. National Bankshares increased their target price on shares of Secure Energy Services from C$17.50 to C$18.50 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. 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, July 30th. Two investment 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 stock. According to data from MarketBeat, Secure Energy Services currently has a consensus rating of "Moderate Buy" and an average target price of C$18.97.

Secure Energy Services Stock Up 1.8%

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 stock has a market cap of C$4.62 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 0.17 and a beta of 0.98. The business's 50 day moving average is C$17.03 and its 200 day moving average is C$15.47.

Secure Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.9%. Secure Energy Services's payout ratio is presently 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.

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