Secure Energy Services Inc. (TSE:SES) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Secure Energy Services Inc. (TSE:SES) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$20.44.

Several analysts have weighed in on the company. BMO Capital Markets downgraded Secure Energy Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. CIBC raised their price target on Secure Energy Services from C$16.25 to C$19.00 in a report on Wednesday, October 15th. Raymond James Financial lifted their price objective on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Stifel Nicolaus increased their target price on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada raised their target price on shares of Secure Energy Services from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th.

Secure Energy Services Stock Performance

SES opened at C$17.35 on Tuesday. The business’s 50 day moving average is C$18.07 and its 200-day moving average is C$16.21. The stock has a market cap of C$3.79 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 0.17 and a beta of 0.86. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. Secure Energy Services has a twelve month low of C$12.04 and a twelve month high of C$21.15.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.3%. Secure Energy Services’s dividend payout ratio is presently 81.63%.

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.