BMO Capital Markets Raises Secure Energy Services (TSE:SES) Price Target to C$14.00

Secure Energy Services (TSE:SES) had its target price increased by investment analysts at BMO Capital Markets from C$13.00 to C$14.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 26.47% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. National Bankshares upped their price target on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Stifel Nicolaus boosted their price objective on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Thursday, April 18th. CIBC raised their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research report on Monday. Royal Bank of Canada upped their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 27th. Finally, Raymond James increased their price target on Secure Energy Services from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.09.

Secure Energy Services Trading Down 0.8 %

TSE SES opened at C$11.07 on Tuesday. The company has a market cap of C$3.10 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. Secure Energy Services has a twelve month low of C$5.81 and a twelve month high of C$11.92. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92. The business’s fifty day moving average is C$11.24 and its 200 day moving average is C$9.64.

Secure Energy Services (TSE:SES) last posted its earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, meeting the consensus estimate of C$0.20. The firm had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. As a group, sell-side analysts expect that Secure Energy Services will post 0.6699029 EPS for the current fiscal year.

Insider Activity

In related news, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. In related news, Director Rene Amirault sold 731,807 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$137,356.34. Insiders have sold 751,914 shares of company stock valued at $8,529,853 in the last ninety days. 0.88% of the stock is owned by company insiders.

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.