Secure Energy Services (TSE:SES) PT Raised to C$12.00

Secure Energy Services (TSE:SES) had its price target increased by stock analysts at CIBC from C$11.00 to C$12.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price points to a potential upside of 7.53% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Raymond James increased their price objective on Secure Energy Services from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Royal Bank of Canada increased their price objective 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. Stifel Nicolaus increased their price objective on Secure Energy Services from C$12.50 to C$13.50 and gave the company a “buy” rating in a research report on Thursday, April 18th. ATB Capital set a C$13.00 target price on Secure Energy Services and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, BMO Capital Markets raised their target price on Secure Energy Services from C$14.00 to C$16.00 in a research report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.09.

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$11.16 on Monday. Secure Energy Services has a 1-year low of C$5.81 and a 1-year high of C$11.92. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. The business has a fifty day moving average price of C$11.23 and a 200-day moving average price of C$9.61. The company has a market capitalization of C$3.13 billion, a PE ratio of 17.11, a PEG ratio of 0.17 and a beta of 2.58.

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

Insider Activity at Secure Energy Services

In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction that occurred 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. In other news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the firm’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$137,356.34. Also, Director Rene Amirault sold 731,807 shares of the firm’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. In the last ninety days, insiders sold 751,914 shares of company stock worth $8,529,853. 0.88% of the stock is owned by company insiders.

Secure Energy Services Company Profile

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.