Secure Energy Services (TSE:SES) Hits New 52-Week High at $5.51

Secure Energy Services Inc. (TSE:SES)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$5.51 and last traded at C$5.51, with a volume of 44568 shares changing hands. The stock had previously closed at C$5.36.

SES has been the topic of several research analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a C$7.25 target price on shares of Secure Energy Services in a research note on Wednesday, October 6th. ATB Capital boosted their price target on Secure Energy Services to C$7.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 28th. BMO Capital Markets boosted their price target on Secure Energy Services from C$4.25 to C$6.50 and gave the company a “na” rating in a research note on Monday, July 5th. CIBC reaffirmed an “outperform” rating and set a C$6.50 target price on shares of Secure Energy Services in a research report on Monday, August 23rd. Finally, TD Securities upped their target price on Secure Energy Services to C$7.50 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$6.35.

The company has a debt-to-equity ratio of 91.31, a current ratio of 1.19 and a quick ratio of 0.44. The firm has a 50 day simple moving average of C$4.39 and a 200-day simple moving average of C$4.30. The stock has a market capitalization of C$1.68 billion and a price-to-earnings ratio of -14.86.

Secure Energy Services (TSE:SES) last released its quarterly earnings data on Tuesday, July 27th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.08) by C($0.01). The business had revenue of C$116.71 million during the quarter, compared to analysts’ expectations of C$106.25 million. On average, sell-side analysts forecast that Secure Energy Services Inc. will post 0.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 15th will be paid a dividend of $0.0075 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.03 annualized dividend and a yield of 0.55%. Secure Energy Services’s dividend payout ratio is currently -8.20%.

Secure Energy Services Company Profile (TSE:SES)

Secure Energy Services Inc, an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. The company's Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.

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