Secure Energy Services (TSE:SES) Reaches New 1-Year High – What’s Next?

Secure Energy Services Inc. (TSE:SES)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$19.24 and last traded at C$19.18, with a volume of 1074427 shares changing hands. The stock had previously closed at C$18.44.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SES shares. National Bankshares boosted their price objective on Secure Energy Services from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. BMO Capital Markets cut Secure Energy Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on Secure Energy Services from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Stifel Nicolaus boosted their price objective on Secure Energy Services from C$17.00 to C$17.50 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial upgraded Secure Energy Services to a “moderate buy” rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Secure Energy Services currently has a consensus rating of “Moderate Buy” and an average target price of C$18.31.

Secure Energy Services Price Performance

The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. The stock has a market capitalization of C$4.22 billion, a PE ratio of 21.08, a PEG ratio of 0.17 and a beta of 0.84. The company has a 50-day moving average of C$16.45 and a 200 day moving average of C$15.17.

Secure Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.1%. Secure Energy Services’s payout ratio is currently 43.96%.

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.