Secure Energy Services (TSE:SES) had its price objective lowered by CIBC from C$10.50 to C$9.00 in a research note released on Tuesday, BayStreet.CA reports.
Several other analysts have also recently commented on SES. Royal Bank of Canada reissued an outperform rating and set a C$10.00 price target on shares of Secure Energy Services in a research note on Wednesday, July 3rd. Raymond James decreased their price target on shares of Secure Energy Services from C$13.00 to C$10.00 and set a strong-buy rating on the stock in a research note on Wednesday, July 31st. Industrial Alliance Securities raised shares of Secure Energy Services from a buy rating to a strong-buy rating and decreased their price target for the company from C$10.25 to C$10.00 in a research note on Thursday, July 4th. National Bank Financial decreased their price target on shares of Secure Energy Services from C$10.25 to C$9.25 and set an outperform rating on the stock in a research note on Wednesday, October 2nd. Finally, TD Securities decreased their price target on shares of Secure Energy Services from C$11.50 to C$11.00 and set a buy rating on the stock in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$9.75.
SES opened at C$4.48 on Tuesday. Secure Energy Services has a one year low of C$4.32 and a one year high of C$9.44. The company has a debt-to-equity ratio of 57.70, a current ratio of 1.65 and a quick ratio of 1.21. The company’s 50 day simple moving average is C$5.48 and its 200-day simple moving average is C$6.80. The stock has a market capitalization of $709.87 million and a P/E ratio of 36.13.
Secure Energy Services (TSE:SES) last released its quarterly earnings results on Tuesday, July 30th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$793.49 million for the quarter. As a group, analysts anticipate that Secure Energy Services will post 0.24 EPS for the current year.
The company also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a $0.0225 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.27 annualized dividend and a yield of 6.03%. Secure Energy Services’s dividend payout ratio (DPR) is presently 217.74%.
In related news, Senior Officer Allen Peter Gransch acquired 22,090 shares of the stock in a transaction dated Monday, August 26th. The stock was bought at an average price of C$5.48 per share, with a total value of C$121,053.20. Following the completion of the transaction, the insider now directly owns 262,058 shares of the company’s stock, valued at C$1,436,077.84. Also, Director Rene Amirault acquired 23,500 shares of the stock in a transaction dated Tuesday, August 27th. The shares were bought at an average cost of C$5.49 per share, with a total value of C$129,015.00. Following the transaction, the director now directly owns 1,414,522 shares of the company’s stock, valued at C$7,765,725.78. Over the last quarter, insiders sold 1,553 shares of company stock worth $10,102.
Secure Energy Services Company Profile
Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.
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