Secure Energy Services (TSE:SES) Price Target Raised to C$17.50

Secure Energy Services (TSE:SES) had its target price lifted by National Bankshares from C$17.00 to C$17.50 in a report released on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other research firms have also issued reports on SES. ATB Capital lowered their price objective on Secure Energy Services from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Stifel Canada upgraded Secure Energy Services to a “strong-buy” rating in a report on Thursday, May 29th. CIBC lifted their price target on Secure Energy Services from C$15.25 to C$15.75 and gave the company a “neutral” rating in a report on Monday, May 5th. Scotiabank cut their price target on Secure Energy Services from C$19.50 to C$19.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Finally, BMO Capital Markets lowered their price objective on Secure Energy Services from C$20.00 to C$18.00 in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$18.03.

Secure Energy Services Stock Performance

Shares of TSE SES opened at C$15.02 on Thursday. 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 market cap of C$3.49 billion, a P/E ratio of 5.89, a P/E/G ratio of 0.17 and a beta of 2.41. The firm’s fifty day moving average is C$14.11 and its two-hundred day moving average is C$14.78. Secure Energy Services has a 52-week low of C$11.13 and a 52-week high of C$17.13.

Secure Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.66%. Secure Energy Services’s dividend payout ratio is currently 15.67%.

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.