Secure Energy Services (TSE:SES) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Secure Energy Services Inc. stock has crossed above its 200-day moving average, trading at C$16.57 with a volume of over 631,000 shares.
• Several analysts have recently upgraded their ratings on SES, with price targets ranging from C$17.00 to C$18.50, indicating a consensus rating of "Moderate Buy".
• The company also declared a quarterly dividend of C$0.10 per share, resulting in an annualized yield of 2.4% and a payout ratio of approximately 44%.

Secure Energy Services Inc. (TSE:SES - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.91 and traded as high as C$16.58. Secure Energy Services shares last traded at C$16.57, with a volume of 631,699 shares traded.

Analyst Upgrades and Downgrades

SES has been the subject of several recent analyst reports. 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 stock a "sector perform" rating in a research note on Wednesday, July 30th. National Bank Financial upgraded shares of Secure Energy Services to a "strong-buy" rating in a research note on Monday, May 26th. National Bankshares boosted their price objective 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. Stifel Nicolaus boosted their price objective on shares of Secure Energy Services from C$17.00 to C$17.50 and gave the stock a "buy" 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 note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$18.31.

Secure Energy Services Price Performance

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$3.64 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 0.17 and a beta of 0.84. The stock's 50 day simple moving average is C$16.10 and its 200-day simple moving average is C$14.91.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.4%. Secure Energy Services's payout ratio is 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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