Secure Energy Services (TSE:SES) Hits New 52-Week High – Still a Buy?

Secure Energy Services Inc. (TSE:SES) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$19.92 and last traded at C$19.90, with a volume of 524565 shares. The stock had previously closed at C$19.65.

Analysts Set New Price Targets

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

Secure Energy Services Stock Performance

The firm has a market capitalization of C$4.39 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth 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 stock’s fifty day moving average is C$16.87 and its two-hundred day moving average is C$15.39.

Secure Energy Services Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.0%. Secure Energy Services’s dividend payout ratio (DPR) is 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.