GMP Securities Raises Secure Energy Services Inc. (SES) Price Target to C$13.00

Secure Energy Services Inc. (TSE:SES) had its target price hoisted by GMP Securities from C$11.50 to C$13.00 in a research report sent to investors on Monday morning.

Several other equities research analysts also recently issued reports on the stock. Raymond James Financial, Inc. raised their target price on shares of Secure Energy Services from C$12.90 to C$13.00 and gave the company a strong-buy rating in a research note on Wednesday, August 2nd. TD Securities restated a buy rating and set a C$12.00 price objective on shares of Secure Energy Services in a research report on Tuesday, October 3rd.

Secure Energy Services (SES) opened at C$7.95 on Monday. Secure Energy Services has a 1-year low of C$6.96 and a 1-year high of C$12.04.

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The company also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, January 1st will be paid a $0.023 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.47%. This is a boost from Secure Energy Services’s previous monthly dividend of $0.02. The ex-dividend date is Thursday, December 28th. Secure Energy Services’s dividend payout ratio (DPR) is -189.42%.

In other Secure Energy Services news, insider Rene Amirault sold 6,640 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of C$7.40, for a total transaction of C$49,136.00. In the last ninety days, insiders have sold 8,003 shares of company stock worth $59,296.

Secure Energy Services Company Profile

Secure Energy Services Inc is a Canada-based energy services company. It owns and operates midstream infrastructure and provides environmental services and products to upstream oil and natural gas companies operating in Western Canada and certain regions in the United States. It operates through three divisions.

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