Secure Energy Services Inc (SES) Trading 5.2% Higher

Shares of Secure Energy Services Inc (TSE:SES) traded up 5.2% during mid-day trading on Friday . The company traded as high as C$7.94 and last traded at C$7.92. 733,476 shares changed hands during mid-day trading, an increase of 111% from the average session volume of 347,190 shares. The stock had previously closed at C$7.53.

A number of analysts recently issued reports on the company. Raymond James Financial, Inc. lowered their target price on Secure Energy Services from C$13.00 to C$12.75 and set a “strong-buy” rating on the stock in a research report on Wednesday, September 6th. TD Securities reaffirmed a “buy” rating and issued a C$12.00 target price on shares of Secure Energy Services in a research report on Tuesday, October 3rd. Finally, Canaccord Genuity lowered their target price on Secure Energy Services from C$13.25 to C$11.00 in a research report on Tuesday, July 11th.

The company’s market cap is $1.29 billion. The stock’s 50 day moving average price is $8.16 and its 200-day moving average price is $8.65.

The firm also recently declared a monthly dividend, which was paid on Monday, October 16th. Investors of record on Sunday, October 1st were given a $0.021 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.25 annualized dividend and a yield of 3.19%.

In other Secure Energy Services news, insider Rene Amirault sold 6,640 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of C$7.40, for a total value of C$49,136.00. In the last quarter, insiders sold 8,003 shares of company stock valued at $59,296.

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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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