Secure Energy Services Inc (TSE:SES) Price Target Raised to C$13.00
Secure Energy Services Inc (TSE:SES) had its price objective upped by Raymond James Financial, Inc. from C$12.90 to C$13.00 in a research note issued to investors on Wednesday. Raymond James Financial, Inc. currently has a strong-buy rating on the stock.
SES has been the topic of a number of other research reports. Royal Bank Of Canada cut their price objective on shares of Secure Energy Services from C$14.00 to C$13.00 and set an outperform rating on the stock in a research report on Wednesday, May 3rd. Scotiabank reissued a sector perform rating and issued a C$13.50 price objective on shares of Secure Energy Services in a research report on Tuesday, April 18th. Finally, Canaccord Genuity cut their price objective on shares of Secure Energy Services from C$13.25 to C$11.00 in a research report on Tuesday, July 11th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of C$12.81.
Secure Energy Services (SES) opened at 8.51 on Wednesday. Secure Energy Services has a 1-year low of $7.61 and a 1-year high of $12.04. The firm’s market capitalization is $1.39 billion. The company has a 50-day moving average of $8.70 and a 200-day moving average of $9.70.
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The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.021 per share. This represents a $0.25 dividend on an annualized basis and a yield of 2.96%. This is an increase from Secure Energy Services’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Friday, July 28th.
In related news, insider Daniel Steinke sold 61,667 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of C$8.02, for a total transaction of C$494,569.34.
Secure Energy Services Company Profile
Secure Energy Services Inc, an energy services company, provides specialized services to upstream oil and natural gas companies operating in the Western Canadian Sedimentary Basin and North Dakota. The companys Processing, Recovery and Disposal (PRD) division assists upstream oil and natural gas companies with the treatment and sale of crude oil, as well as the treatment, recycling, and disposal of by-products associated with oil and natural gas development and production.
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