Secure Energy Services Inc (SES) Price Target Lowered to C$12.75 at Raymond James Financial, Inc.
Secure Energy Services Inc (TSE:SES) had its price objective lowered by Raymond James Financial, Inc. from C$13.00 to C$12.75 in a research note issued to investors on Wednesday morning. Raymond James Financial, Inc. currently has a strong-buy rating on the stock.
Separately, Canaccord Genuity reduced their price target on Secure Energy Services from C$13.25 to C$11.00 in a research report on Tuesday, July 11th.
Shares of Secure Energy Services (SES) opened at 7.35 on Wednesday. The firm’s market cap is $1.20 billion. The stock has a 50 day moving average price of $8.05 and a 200-day moving average price of $9.10. Secure Energy Services has a 1-year low of $6.96 and a 1-year high of $12.04.
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The business also recently declared a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.021 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.43%.
In other news, insider Rene Amirault sold 6,640 shares of Secure Energy Services stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of C$7.40, for a total value of C$49,136.00. Also, insider Daniel Steinke sold 5,093 shares of Secure Energy Services stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of C$8.06, for a total value of C$41,049.58. Insiders sold 74,763 shares of company stock valued at $594,914 in the last ninety days.
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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