Secure Energy Services Inc. (TSE:SES) to Issue $0.10 Quarterly Dividend

Secure Energy Services Inc. (TSE:SES) announced a quarterly dividend on Monday, June 16th, RTT News reports. Stockholders of record on Tuesday, July 1st will be paid a dividend of 0.10 per share on Tuesday, July 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.52%.

Secure Energy Services Stock Performance

Shares of SES opened at C$15.87 on Tuesday. The company has a market cap of C$3.69 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. The stock has a 50-day moving average price of C$13.91 and a 200-day moving average price of C$14.80. Secure Energy Services has a 12-month low of C$11.13 and a 12-month high of C$17.13.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SES shares. National Bankshares dropped their target price on Secure Energy Services from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research report on Monday, May 5th. 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 report on Monday, May 5th. Royal Bank of Canada lowered their price objective on Secure Energy Services from C$17.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Monday, May 5th. Raymond James upped their target price on Secure Energy Services from C$16.25 to C$18.00 in a report on Monday, February 24th. Finally, CIBC upped their target price 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Secure Energy Services currently has an average rating of “Buy” and a consensus target price of C$17.97.

About Secure Energy Services

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.