Secure Energy Services Inc. (TSE:SES) Receives C$7.89 Consensus PT from Analysts

Secure Energy Services Inc. (TSE:SESGet Rating) has earned an average recommendation of “Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$7.89.

Several brokerages recently commented on SES. TD Securities upped their target price on Secure Energy Services from C$7.50 to C$8.00 and gave the company a “buy” rating in a report on Friday, April 29th. Stifel Nicolaus upped their target price on Secure Energy Services from C$9.00 to C$9.50 in a report on Friday, April 29th. Royal Bank of Canada increased their price target on Secure Energy Services from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. Raymond James increased their price target on Secure Energy Services from C$8.50 to C$8.75 and gave the stock a “strong-buy” rating in a report on Tuesday, May 31st. Finally, BMO Capital Markets restated a “buy” rating and set a C$9.00 price target (up from C$8.00) on shares of Secure Energy Services in a report on Friday, April 29th.

Shares of SES stock opened at C$6.03 on Tuesday. The business’s 50 day simple moving average is C$6.62 and its 200 day simple moving average is C$6.03. Secure Energy Services has a one year low of C$3.73 and a one year high of C$7.58. The stock has a market capitalization of C$1.87 billion and a PE ratio of -9.92. The company has a debt-to-equity ratio of 106.11, a current ratio of 1.31 and a quick ratio of 1.06.

Secure Energy Services (TSE:SESGet Rating) last announced its earnings results on Thursday, April 28th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.04 by C$0.08. The company had revenue of C$359.00 million during the quarter, compared to the consensus estimate of C$350.00 million. As a group, research analysts expect that Secure Energy Services will post 0.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 15th will be given a dividend of $0.0075 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, June 29th. Secure Energy Services’s payout ratio is -4.93%.

In related news, Senior Officer Michael Francis Guy Mikuska sold 78,076 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of C$6.99, for a total value of C$545,751.24. Following the completion of the sale, the insider now directly owns 81,528 shares of the company’s stock, valued at approximately C$569,880.72. Also, Senior Officer Allen Peter Gransch sold 38,756 shares of the stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of C$6.39, for a total value of C$247,794.24. Following the completion of the sale, the insider now directly owns 395,224 shares of the company’s stock, valued at C$2,526,943.69. Insiders have sold 136,832 shares of company stock worth $933,345 over the last ninety days.

Secure Energy Services Company Profile (Get Rating)

Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. 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.

Further Reading

Analyst Recommendations for Secure Energy Services (TSE:SES)

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