Secure Energy Services Inc. (SES) Price Target Increased to C$13.00 by Analysts at GMP Securities

Secure Energy Services Inc. (TSE:SES) had its price target raised by GMP Securities from C$11.50 to C$13.00 in a report released on Monday.

A number of other brokerages have also recently commented on SES. TD Securities reaffirmed a buy rating and issued a C$12.00 price target on shares of Secure Energy Services in a research note on Tuesday, October 3rd. Raymond James Financial, Inc. decreased their price target on Secure Energy Services from C$13.00 to C$12.75 and set a strong-buy rating on the stock in a research note on Wednesday, September 6th.

Shares of Secure Energy Services (TSE:SES) traded down C$0.44 during midday trading on Monday, hitting C$8.38. The company had a trading volume of 260,720 shares, compared to its average volume of 324,153. Secure Energy Services has a 52 week low of C$6.96 and a 52 week high of C$12.04.

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The business also recently declared a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, January 1st will be paid a $0.023 dividend. This is a boost from Secure Energy Services’s previous monthly dividend of $0.02. This represents a $0.28 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Thursday, December 28th. Secure Energy Services’s payout ratio is -186.54%.

In other news, insider Rene Amirault sold 6,640 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$7.40, for a total transaction of C$49,136.00. Insiders have sold 8,003 shares of company stock worth $59,296 over the last three months.

Secure Energy Services Company Profile

Secure Energy Services Inc is a Canada-based 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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