Brokerages Set Secure Energy Services Inc. (TSE:SES) Target Price at C$19.47

Shares of Secure Energy Services Inc. (TSE:SES) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$20.17.

A number of equities analysts have recently commented on the company. Scotiabank downgraded Secure Energy Services from an “outperform” rating to a “hold” rating and raised their price objective for the stock from C$19.00 to C$22.00 in a report on Friday, October 10th. CIBC increased their target price on shares of Secure Energy Services from C$16.25 to C$19.00 in a research report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Secure Energy Services from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Stifel Nicolaus increased their price objective on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, National Bankshares raised their target price on shares of Secure Energy Services from C$18.50 to C$23.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th.

Secure Energy Services Trading Down 1.5%

Shares of SES opened at C$17.84 on Friday. Secure Energy Services has a twelve month low of C$12.04 and a twelve month high of C$21.15. The firm has a market capitalization of C$3.92 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 0.17 and a beta of 0.98. 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’s fifty day simple moving average is C$17.60 and its 200 day simple moving average is C$15.66.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.2%. Secure Energy Services’s dividend payout ratio (DPR) is presently 43.96%.

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.