Secure Energy Services Inc. (SES) To Go Ex-Dividend on September 29th

Secure Energy Services Inc. (TSE:SES) announced a quarterly dividend on Wednesday, September 29th, TickerTech reports. Investors of record on Friday, October 15th will be given a dividend of 0.0075 per share on Friday, October 15th. This represents a $0.03 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, September 29th.

SES traded down C$0.02 on Tuesday, hitting C$4.61. 1,065,580 shares of the company’s stock traded hands, compared to its average volume of 719,021. The company’s 50 day simple moving average is C$4.18 and its 200-day simple moving average is C$4.20. The firm has a market cap of C$1.42 billion and a price-to-earnings ratio of -12.60. Secure Energy Services has a one year low of C$1.29 and a one year high of C$5.15. The company has a current ratio of 1.19, a quick ratio of 0.44 and a debt-to-equity ratio of 91.31.

Secure Energy Services (TSE:SES) last released its earnings results on Tuesday, July 27th. The company reported C($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.08) by C($0.01). The firm had revenue of C$116.71 million during the quarter, compared to analysts’ expectations of C$106.25 million. As a group, equities analysts anticipate that Secure Energy Services will post 0.2594408 EPS for the current fiscal year.

SES has been the topic of several research reports. ATB Capital raised their target price on Secure Energy Services to C$7.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 28th. Raymond James restated a “strong-buy” rating and set a C$7.25 price target on shares of Secure Energy Services in a research report on Wednesday, July 28th. TD Securities lifted their price target on Secure Energy Services to C$7.50 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Canaccord Genuity cut their target price on Secure Energy Services from C$7.00 to C$6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 24th. Finally, CIBC reiterated an “outperform” rating and set a C$6.50 target price on shares of Secure Energy Services in a research report on Monday, August 23rd. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to, the company has a consensus rating of “Buy” and a consensus target price of C$6.35.

About Secure Energy Services

Secure Energy Services Inc, an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. The company's Midstream Infrastructure segment 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 terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.

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Dividend History for Secure Energy Services (TSE:SES)

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