Secure Energy Services (TSE:SES) Price Target Raised to C$23.50

Secure Energy Services (TSE:SES) had its price target upped by Stifel Nicolaus from C$17.50 to C$23.50 in a research note published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on SES. Royal Bank Of Canada lifted their target price on shares of Secure Energy Services from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Raymond James Financial raised shares of Secure Energy Services to a “moderate buy” rating in a report on Wednesday, July 30th. National Bankshares lifted their target price on shares of Secure Energy Services from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets downgraded shares of Secure Energy Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$18.97.

Secure Energy Services Stock Performance

Shares of SES stock opened at C$20.65 on Thursday. The company has a market capitalization of C$4.54 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 0.17 and a beta of 0.84. 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 company has a 50-day simple moving average of C$17.03 and a 200 day simple moving average of C$15.47. Secure Energy Services has a 52 week low of C$12.04 and a 52 week high of C$20.85.

Secure Energy Services Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.9%. Secure Energy Services’s dividend payout ratio is currently 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.