Secure Energy Services (TSE:SES) Given New C$13.50 Price Target at Stifel Nicolaus

Secure Energy Services (TSE:SES) had its price objective increased by Stifel Nicolaus from C$12.50 to C$13.50 in a report issued on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Cormark increased their price target on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the stock a buy rating in a report on Tuesday, February 27th. BMO Capital Markets increased their price target on shares of Secure Energy Services from C$14.00 to C$16.00 in a report on Thursday, March 28th. Royal Bank of Canada increased their price target on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a sector perform rating in a report on Tuesday, February 27th. National Bankshares increased their price target on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the stock an outperform rating in a report on Tuesday, February 27th. Finally, ATB Capital set a C$13.00 price objective on Secure Energy Services and gave the stock an outperform rating in a research report on Monday, March 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$13.22.

Secure Energy Services Price Performance

Shares of SES stock opened at C$11.00 on Thursday. Secure Energy Services has a fifty-two week low of C$5.81 and a fifty-two week high of C$11.92. The firm has a market capitalization of C$3.08 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.17 and a beta of 2.58. The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52. The stock’s 50-day simple moving average is C$11.21 and its 200-day simple moving average is C$9.52.

Secure Energy Services (TSE:SES) last issued its earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, meeting analysts’ consensus estimates of C$0.20. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. The firm had revenue of C$451.00 million for the quarter, compared to analyst estimates of C$429.00 million. As a group, equities analysts forecast that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 3.64%. Secure Energy Services’s dividend payout ratio is presently 61.54%.

Insider Activity

In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. Also, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$8,302,496.78. Insiders have sold 751,914 shares of company stock worth $8,529,853 in the last quarter. Corporate insiders own 0.88% 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.