Secure Energy Services Inc Announces Monthly Dividend of $0.02 (TSE:SES)

Secure Energy Services Inc (TSE:SES) announced a monthly dividend on Thursday, November 28th, TickerTech reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.0225 per share on Monday, December 16th. This represents a $0.27 annualized dividend and a yield of 6.34%. The ex-dividend date is Thursday, November 28th.

TSE SES traded up C$0.04 on Wednesday, hitting C$4.26. 375,423 shares of the company’s stock traded hands, compared to its average volume of 376,917. The company has a current ratio of 1.62, a quick ratio of 1.19 and a debt-to-equity ratio of 60.35. Secure Energy Services has a 1-year low of C$4.02 and a 1-year high of C$9.44. The firm’s 50-day moving average price is C$4.46 and its two-hundred day moving average price is C$6.07. The firm has a market capitalization of $662.45 million and a PE ratio of 59.17.

SES has been the subject of several research reports. CIBC decreased their price objective on shares of Secure Energy Services from C$9.00 to C$6.50 in a research note on Friday, November 1st. Raymond James restated a “strong-buy” rating and set a C$8.00 price objective on shares of Secure Energy Services in a research note on Thursday, October 31st. National Bank Financial decreased their price objective on shares of Secure Energy Services from C$9.00 to C$8.25 and set an “outperform” rating for the company in a research note on Friday, November 15th. TD Securities decreased their price objective on shares of Secure Energy Services from C$10.50 to C$8.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Canaccord Genuity decreased their price objective on shares of Secure Energy Services from C$8.00 to C$7.00 in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$8.14.

Secure Energy Services Company Profile

Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.

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Dividend History for Secure Energy Services (TSE:SES)

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