Secure Energy Services (TSE:SES) had its target price trimmed by BMO Capital Markets from C$13.50 to C$11.00 in a research report sent to investors on Thursday morning.
SES has been the subject of several other reports. CIBC cut their target price on shares of Secure Energy Services from C$13.00 to C$10.50 in a research note on Tuesday, October 16th. Industrial Alliance Securities increased their price objective on shares of Secure Energy Services from C$12.25 to C$12.50 in a research note on Thursday. Finally, Raymond James increased their price objective on shares of Secure Energy Services from C$12.75 to C$14.50 in a research note on Thursday, August 2nd.
TSE:SES traded down C$0.27 during trading hours on Thursday, hitting C$8.40. 218,875 shares of the company traded hands, compared to its average volume of 353,154. Secure Energy Services has a twelve month low of C$6.98 and a twelve month high of C$9.82.
Secure Energy Services (TSE:SES) last released its earnings results on Wednesday, August 1st. The company reported C($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.04). The firm had revenue of C$719.92 million during the quarter, compared to analysts’ expectations of C$711.77 million. Secure Energy Services had a negative net margin of 0.03% and a negative return on equity of 0.08%.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be paid a $0.0225 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Wednesday, October 31st.
About Secure Energy Services
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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