BMO Capital Markets Increases Secure Energy Services (TSE:SES) Price Target to C$17.00

Secure Energy Services (TSE:SES) had its price target raised by investment analysts at BMO Capital Markets from C$16.00 to C$17.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 26.02% from the stock’s current price.

SES has been the subject of several other research reports. Scotiabank set a C$16.00 target price on Secure Energy Services and gave the stock an “outperform” rating in a research note on Friday, October 4th. National Bankshares lifted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. ATB Capital boosted their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Raymond James lifted their price objective on Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, CIBC lifted their price target on Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Secure Energy Services has an average rating of “Moderate Buy” and an average price target of C$14.88.

Secure Energy Services Price Performance

SES stock opened at C$13.49 on Tuesday. The firm has a 50 day simple moving average of C$12.42 and a two-hundred day simple moving average of C$11.87. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. The stock has a market cap of C$3.25 billion, a PE ratio of 6.75, a P/E/G ratio of 0.17 and a beta of 2.41. Secure Energy Services has a one year low of C$7.11 and a one year high of C$14.21.

Secure Energy Services (TSE:SES) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. The firm had revenue of C$337.00 million during the quarter. On average, analysts predict that Secure Energy Services will post 0.7671625 EPS for the current fiscal year.

Insider Activity

In other Secure Energy Services news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. In other Secure Energy Services news, Senior Officer Corey Ray Higham purchased 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of C$11.80 per share, for a total transaction of C$200,560.90. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total transaction of C$538,121.90. In the last 90 days, insiders have sold 73,016 shares of company stock valued at $877,203. Corporate insiders own 0.95% of the company’s stock.

About Secure Energy Services

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.