Secure Energy Services Inc. (TSE:SES – Get Rating) has earned a consensus rating of "Buy" from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$8.50.
SES has been the subject of several research reports. Stifel Nicolaus increased their price target on shares of Secure Energy Services from C$9.75 to C$10.00 in a research report on Thursday, July 28th. Raymond James increased their target price on shares of Secure Energy Services from C$8.50 to C$8.75 and gave the stock a "strong-buy" rating in a research report on Tuesday, May 31st. Finally, TD Securities increased their target price on shares of Secure Energy Services from C$8.00 to C$8.50 and gave the stock a "buy" rating in a research report on Thursday, July 28th.
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Secure Energy Services Stock Performance
TSE SES opened at C$5.62 on Friday. Secure Energy Services has a 1 year low of C$4.05 and a 1 year high of C$7.58. The company has a debt-to-equity ratio of 98.59, a current ratio of 1.33 and a quick ratio of 1.08. The firm has a market cap of C$1.74 billion and a price-to-earnings ratio of -9.24. The company has a fifty day moving average price of C$5.91 and a 200-day moving average price of C$6.09.
Secure Energy Services (TSE:SES – Get Rating) last posted its earnings results on Wednesday, July 27th. The company reported C$0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.08 by C$0.09. The firm had revenue of C$355.00 million during the quarter, compared to the consensus estimate of C$320.30 million. As a group, equities research analysts predict that Secure Energy Services will post 0.6 EPS for the current fiscal year.
Secure Energy Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 15th were paid a dividend of $0.0075 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, June 29th. Secure Energy Services's dividend payout ratio (DPR) is presently -4.93%.
About Secure Energy Services
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Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The company's Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.
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