Analysts Set Secure Energy Services Inc (TSE:SES) Price Target at C$8.22

Shares of Secure Energy Services Inc (TSE:SES) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$8.22.

A number of equities research analysts have weighed in on the company. CIBC reduced their price objective on Secure Energy Services from C$9.00 to C$6.50 in a research note on Friday, November 1st. Raymond James reiterated a “strong-buy” rating and issued a C$8.00 price objective on shares of Secure Energy Services in a research note on Thursday, October 31st. Royal Bank of Canada reduced their price objective on Secure Energy Services from C$7.50 to C$6.50 and set an “outperform” rating for the company in a research note on Thursday, October 31st. AltaCorp Capital reiterated an “outperform” rating on shares of Secure Energy Services in a research note on Sunday, July 28th. Finally, Canaccord Genuity reduced their price objective on Secure Energy Services from C$8.00 to C$7.00 in a research note on Thursday, October 31st.

In related news, Director Rene Amirault purchased 23,500 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of C$5.49 per share, for a total transaction of C$129,015.00. Following the completion of the purchase, the director now directly owns 1,414,522 shares of the company’s stock, valued at C$7,765,725.78. Also, Senior Officer Allen Peter Gransch purchased 22,090 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were bought at an average price of C$5.48 per share, with a total value of C$121,053.20. Following the purchase, the insider now directly owns 262,058 shares of the company’s stock, valued at C$1,436,077.84. In the last quarter, insiders sold 1,553 shares of company stock valued at $10,102.

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SES traded up C$0.14 on Thursday, reaching C$4.68. The company’s stock had a trading volume of 459,100 shares, compared to its average volume of 372,089. The stock has a 50 day moving average of C$4.84 and a two-hundred day moving average of C$6.37. The company has a quick ratio of 1.19, a current ratio of 1.62 and a debt-to-equity ratio of 60.35. The company has a market capitalization of $703.53 million and a price-to-earnings ratio of 65.00. Secure Energy Services has a fifty-two week low of C$4.02 and a fifty-two week high of C$9.44.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be paid a $0.0225 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Thursday, October 31st. Secure Energy Services’s dividend payout ratio is currently 375.00%.

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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Analyst Recommendations for Secure Energy Services (TSE:SES)

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