Secure Energy Services (SES) Releases Quarterly Earnings Results
Secure Energy Services (TSE:SES) posted its quarterly earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.03, Analyst Ratings.Net reports.
Shares of Secure Energy Services (TSE:SES) opened at 27.18 on Thursday. Secure Energy Services has a one year low of $12.87 and a one year high of $28.05. The stock’s 50-day moving average is $23.32 and its 200-day moving average is $20.1. The company has a market cap of $3.216 billion and a price-to-earnings ratio of 61.69.
The company also recently announced a aug 14 dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.0167 per share. This represents a dividend yield of 0.85%. The ex-dividend date is Wednesday, July 30th.
A number of analysts have recently weighed in on SES shares. Analysts at BMO Capital Markets raised their price target on shares of Secure Energy Services from C$22.00 to C$26.00 in a research note on Wednesday. They now have a “market perform” rating on the stock. On the ratings front, analysts at Mackie raised their price target on shares of Secure Energy Services from C$26.50 to C$29.50 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Secure Energy Services from C$25.50 to C$28.50 in a research note on Wednesday. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$26.32.
Secure Energy Services Inc (TSE:SES) is a diversified energy services company.
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