Shares of Secure Energy Services Inc (TSE:SES) have received an average recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$8.22.
A number of equities analysts have recently commented on the company. Canaccord Genuity cut their price target on Secure Energy Services from C$8.00 to C$7.00 in a report on Thursday, October 31st. TD Securities cut their price target on Secure Energy Services from C$10.50 to C$8.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Royal Bank of Canada cut their price target on Secure Energy Services from C$7.50 to C$6.50 and set an “outperform” rating for the company in a report on Thursday, October 31st. BMO Capital Markets cut their price target on Secure Energy Services from C$9.00 to C$8.00 in a report on Tuesday, September 10th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a C$8.00 price target on shares of Secure Energy Services in a report on Thursday, October 31st.
In other Secure Energy Services news, Director Rene Amirault acquired 23,500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average price of C$5.49 per share, for a total transaction of C$129,015.00. Following the completion of the transaction, the director now owns 1,414,522 shares of the company’s stock, valued at approximately C$7,765,725.78. Also, Senior Officer Allen Peter Gransch acquired 22,090 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of C$5.48 per share, for a total transaction of C$121,053.20. Following the transaction, the insider now directly owns 262,058 shares of the company’s stock, valued at approximately C$1,436,077.84. Insiders sold 1,553 shares of company stock worth $10,102 in the last quarter.
Secure Energy Services stock opened at C$4.35 on Thursday. Secure Energy Services has a one year low of C$4.02 and a one year high of C$9.44. The business has a fifty day moving average price of C$4.91 and a 200-day moving average price of C$6.41. The company has a debt-to-equity ratio of 60.35, a current ratio of 1.62 and a quick ratio of 1.19. The firm has a market capitalization of $703.53 million and a P/E ratio of 60.42.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be given a $0.0225 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.27 dividend on an annualized basis and a dividend yield of 6.21%. Secure Energy Services’s dividend payout ratio (DPR) is presently 375.00%.
Secure Energy Services Company Profile
Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.
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