Secure Energy Services Inc (SES) to Issue Dividend Increase – $0.02 Per Share
Secure Energy Services Inc (TSE:SES) declared a monthly dividend on Tuesday, July 18th, Zacks reports. Stockholders of record on Tuesday, August 1st will be paid a dividend of 0.021 per share on Tuesday, August 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, July 28th. This is an increase from Secure Energy Services’s previous monthly dividend of $0.02.
Shares of Secure Energy Services (TSE:SES) traded up 0.12% during trading on Wednesday, hitting $8.62. The stock had a trading volume of 10,100 shares. The firm’s market cap is $1.40 billion. The stock has a 50 day moving average of $8.73 and a 200 day moving average of $9.86. Secure Energy Services has a 52-week low of $7.61 and a 52-week high of $12.04.
A number of equities analysts have weighed in on the stock. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a C$13.15 target price on shares of Secure Energy Services in a research note on Tuesday, April 18th. Canaccord Genuity decreased their target price on shares of Secure Energy Services from C$13.25 to C$11.00 in a research note on Tuesday, July 11th. Royal Bank Of Canada decreased their target price on shares of Secure Energy Services from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. Finally, Scotiabank reissued a “sector perform” rating and set a C$13.50 price target on shares of Secure Energy Services in a research report on Wednesday, May 3rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$12.83.
In related news, insider Daniel Steinke sold 5,093 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of C$8.06, for a total transaction of C$41,049.58.
Secure Energy Services Company Profile
Secure Energy Services Inc is an energy services company. It owns and operates midstream infrastructure and provides environmental services and products to upstream oil and natural gas companies operating in Western Canada and certain regions in the United States. It operates through three divisions.
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