Secure Energy Services (TSE:SES) Stock Price Down 9.6% - Should You Sell?

Key Points

• Secure Energy Services Inc. (TSE:SES) shares fell 9.6% during mid-day trading, closing at C$19.00 compared to a previous close of C$21.02.
• Analysts have mixed ratings on the stock, with two stemming a Strong Buy rating, five a Buy rating, and a consensus target price of C$18.97.
• The company announced a quarterly dividend of $0.10 per share, representing a 2.1% yield and an annualized payout ratio of 43.96%.

Secure Energy Services Inc. (TSE:SES - Get Free Report) shares fell 9.6% during mid-day trading on Tuesday . The company traded as low as C$18.50 and last traded at C$19.00. 548,450 shares changed hands during trading, a decline of 29% from the average session volume of 771,392 shares. The stock had previously closed at C$21.02.

Analyst Ratings Changes

A number of analysts have weighed in on SES shares. Royal Bank Of Canada increased their target price on 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. BMO Capital Markets downgraded shares of Secure Energy Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Stifel Nicolaus lifted their price objective on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the company a "buy" rating in a report on Thursday, October 2nd. Raymond James Financial upgraded shares of Secure Energy Services to a "moderate buy" rating in a research note on Wednesday, July 30th. Finally, 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, July 30th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$18.97.

Secure Energy Services Stock Down 9.1%

The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. The firm has a market cap of C$4.20 billion, a PE ratio of 21.00, a P/E/G ratio of 0.17 and a beta of 0.98. The business's 50-day simple moving average is C$17.11 and its 200 day simple moving average is C$15.51.

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.1%. 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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