Secure Energy Services Inc. (TSE:SES) is a renowned energy services company that has built a reputation of providing exceptionally sustainable solutions to the upstream oil and natural gas companies, operating primarily in Western Canadian Sedimentary Basin and the United States. Since its inception, Secure Energy has continued to serve customers with Midstream Infrastructure and Environmental and Fluid Management solutions.
In recent times, Secure Energy Services has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company as reported by Bloomberg Ratings. Currently, three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given an ardent strong buy recommendation to Secure Energy. The research firms’ average one-year price objective among brokers who have issued their reports on the stock in the last year is C$8.93.
Secure Energy Services operates through two essential segments; Midstream Infrastructure which provides services such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full-service facilities. Additionally, it includes rail facilities; crude oil pipelines; crude oil terminalling facilities; water disposal facilities; and landfills capable of serving all industry size types to meet client-specific demands. On the other hand, Environmental and Fluid Management which provides safe liquid waste management solutions for drilling fluids management while maintaining environmental stewardship.
Apart from delivering top-rated services to its clients at every turn of service delivery or challenge they encounter on site pertaining to energy services production process requirements or regulations compliance demands that may arise during construction works or repairs also gives back value to shareholders investing in SESA stock with quarterly dividends payouts planned over time just like what happened recently when it declared a quarterly dividend paid on Monday 17th April this year!. This investment opportunity had investors eagerly waiting after recording an ex-dividend date of this dividend on Thursday, March 30th. With the recent payment of this dividend at $0.10 per share from the company, investors who have a record of receiving dividends would get $0.40 annually yielding a considerable 6.50% return from their investment.
Conclusively, Secure Energy Services continues to provide energy solutions to its esteemed customers, buttressing environmental stewardship and regulatory compliance while building shareholder value through sustainable investment in SESA stock and quarterly dividends payment. Indeed investors looking for great returns on their stock portfolio should take a look at SESA and join Secure Energy’s ever-growing clientele base today!
[bs_slider_forecast ticker=”SES”]
Research Analyst Reports Divided on Secure Energy Services’ Performance
Secure Energy Services (SES) has recently been the focus of several research analyst reports, resulting in divided opinions about the company’s performance. Royal Bank of Canada downgraded the stock from an “outperform” rating to a “sector perform” rating and lowered its price target from C$11.00 to C$8.00 on March 7th. However, TD Securities raised its target price for shares of SES from C$8.50 to C$9.00 and gave the company a “hold” rating on March 3rd, while National Bank Financial upgraded SES from a “sector perform overweight” rating to an “outperform market weight” rating on April 4th.
In contrast, Raymond James dropped its price objective for SES shares from C$10.00 to C$9.25 but continued to give the company a “strong-buy” rating on May 5th. Stifel Nicolaus also increased their price target on SES from C$11.00 to C$11.50 on March 3rd.
Shares of SES stock opened at C$6.15 on Tuesday with a debt-to-equity ratio of 89.83, quick ratio of 1.10 and current ratio of 1.38, indicating that it is in good financial shape overall.
SES has had some insider purchases by Senior Officer Michael Wayne Callihoo and Director Wendy Hanrahan earlier this year that could indicate positive prospects for the company’s future growth potential.
In conclusion, while there are differing opinions among analysts about SES’s performance, it appears that insiders believe in its growth potential through their recent stock purchases. Investors should consider both sides in making informed decisions about buying or selling shares in this company with a market capitalization of C$1.83 billion, PE ratio of 9.18, PEG ratio of 0.17 and beta of 2.49 as it has a 52-week low of C$5.19 and a high of C$8.76.