Secure Energy Services Inc (SES) Price Target Raised to C$12.50 at TD Securities

Secure Energy Services Inc (TSE:SES) had its target price boosted by TD Securities from C$12.00 to C$12.50 in a research note published on Friday morning. They currently have a buy rating on the stock.

Separately, Raymond James Financial, Inc. boosted their price target on shares of Secure Energy Services from C$12.90 to C$13.00 and gave the company a strong-buy rating in a report on Wednesday, August 2nd.

Secure Energy Services (TSE:SES) traded up C$0.13 during midday trading on Friday, reaching C$8.82. 474,752 shares of the company’s stock traded hands, compared to its average volume of 324,446. Secure Energy Services has a 12-month low of C$6.96 and a 12-month high of C$12.04.

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The business also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Sunday, October 1st were given a dividend of $0.021 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, September 28th. Secure Energy Services’s dividend payout ratio is currently -134.72%.

In other news, insider Rene Amirault sold 6,640 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were 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 valued at $59,296 in the last ninety days.

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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