Secure Energy Services Inc (SES) Stock Price Up 4.5%

Shares of Secure Energy Services Inc (TSE:SES) rose 4.5% on Thursday . The company traded as high as C$8.40 and last traded at C$8.39. Approximately 264,190 shares were traded during trading, a decline of 11% from the average daily volume of 295,927 shares. The stock had previously closed at C$8.03.

SES has been the subject of a number of recent analyst reports. Canaccord Genuity decreased their price target on shares of Secure Energy Services from C$13.25 to C$11.00 in a research report on Tuesday, July 11th. Raymond James Financial, Inc. decreased their price target on shares of Secure Energy Services from C$13.00 to C$12.75 and set a “strong-buy” rating for the company in a research report on Wednesday, September 6th.

The firm also recently declared a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Sunday, October 1st will be issued a dividend of $0.021 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.14%.

In other news, insider Rene Amirault sold 6,640 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$7.40, for a total transaction of C$49,136.00. Over the last quarter, insiders have 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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