Secure Energy Services Inc. (TSE:SES) Receives Consensus Rating of “Moderate Buy” from Analysts

Secure Energy Services Inc. (TSE:SES) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$19.81.

SES has been the topic of a number of research analyst reports. National Bankshares upped their price target on shares of Secure Energy Services from C$18.50 to C$23.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Scotiabank downgraded shares of Secure Energy Services from an “outperform” rating to a “hold” rating and lifted their price target for the company from C$19.00 to C$22.00 in a research note on Friday, October 10th. Royal Bank Of Canada lifted their price target 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. Raymond James Financial upgraded Secure Energy Services to a “moderate buy” rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets downgraded Secure Energy Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th.

Secure Energy Services Price Performance

Shares of SES stock opened at C$18.13 on Friday. The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a 50 day moving average price of C$17.50 and a 200 day moving average price of C$15.63. Secure Energy Services has a 52-week low of C$12.04 and a 52-week high of C$21.15. The firm has a market capitalization of C$3.99 billion, a P/E ratio of 19.92, a P/E/G ratio of 0.17 and a beta of 0.98.

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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.2%. Secure Energy Services’s dividend payout ratio (DPR) is presently 43.96%.

Secure Energy Services Company Profile

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.