Secure Energy Services (TSE:SES) had its price objective trimmed by TD Securities from C$11.50 to C$11.00 in a research note released on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
SES has been the subject of several other research reports. Royal Bank of Canada restated 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. Canaccord Genuity cut their price target on Secure Energy Services from C$10.00 to C$9.50 in a research note on Wednesday. CIBC upped their price target on Secure Energy Services from C$10.00 to C$10.50 in a research note on Tuesday, April 23rd. Industrial Alliance Securities upgraded Secure Energy Services from a buy rating to a strong-buy rating and cut their price objective for the stock from C$10.25 to C$10.00 in a research report on Thursday, July 4th. Finally, Raymond James cut their price objective on Secure Energy Services from C$13.50 to C$13.00 and set a strong-buy rating for the company in a research report on Wednesday, June 26th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$10.33.
Secure Energy Services stock opened at C$7.02 on Wednesday. Secure Energy Services has a 12 month low of C$6.25 and a 12 month high of C$9.44. The company has a debt-to-equity ratio of 54.68, a current ratio of 1.58 and a quick ratio of 1.25. The business’s 50 day moving average is C$7.01. The stock has a market capitalization of $1.10 billion and a PE ratio of 78.00.
Secure Energy Services (TSE:SES) last released its quarterly earnings results on Monday, April 29th. The company reported C$0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.04). The firm had revenue of C$788.88 million during the quarter, compared to analyst estimates of C$689.97 million. Sell-side analysts expect that Secure Energy Services will post 0.28 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be given a $0.0225 dividend. This represents a $0.27 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, July 31st. Secure Energy Services’s payout ratio is 300.00%.
In other Secure Energy Services news, Director George Wadsworth sold 5,777 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of C$7.02, for a total value of C$40,554.54. Following the completion of the transaction, the director now owns 554,328 shares in the company, valued at C$3,891,382.56.
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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