Stifel Nicolaus Has Lowered Expectations for Secure Energy Services (TSE:SES) Stock Price

Secure Energy Services (TSE:SESFree Report) had its price target cut by Stifel Nicolaus from C$18.00 to C$17.00 in a research note published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on SES. National Bankshares increased their target price on shares of Secure Energy Services from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research note on Thursday, June 19th. National Bank Financial upgraded Secure Energy Services to a “strong-buy” rating in a report on Monday, May 26th. BMO Capital Markets reduced their price objective on shares of Secure Energy Services from C$20.00 to C$18.00 in a report on Thursday, April 17th. Stifel Canada raised Secure Energy Services to a “strong-buy” rating in a research report on Thursday, May 29th. Finally, ATB Capital cut their price target on shares of Secure Energy Services from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$17.92.

Read Our Latest Stock Analysis on Secure Energy Services

Secure Energy Services Stock Performance

Secure Energy Services stock opened at C$15.38 on Friday. The stock has a market cap of C$3.58 billion, a price-to-earnings ratio of 6.03, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 1-year low of C$11.13 and a 1-year high of C$17.13. The company has a debt-to-equity ratio of 48.24, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a 50 day simple moving average of C$14.35 and a 200-day simple moving average of C$14.74.

Secure Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.60%. Secure Energy Services’s dividend payout ratio (DPR) is presently 15.67%.

Secure Energy Services Company Profile

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Secure Waste Infrastructure Corp. provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental & Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma.

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