ATB Capital Analysts Give Secure Energy Services (TSE:SES) a C$13.00 Price Target

ATB Capital set a C$13.00 target price on Secure Energy Services (TSE:SES) in a report issued on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also weighed in on SES. Stifel Nicolaus increased their price objective on shares of Secure Energy Services from C$11.25 to C$12.50 and gave the company a buy rating in a research report on Tuesday, February 27th. CIBC increased their price objective on shares of Secure Energy Services from C$10.50 to C$11.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Royal Bank of Canada raised 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 research report on Tuesday, February 27th. Raymond James raised their price target on shares of Secure Energy Services from C$13.00 to C$13.25 and gave the stock an outperform rating in a research report on Tuesday, February 27th. Finally, BMO Capital Markets raised their price target on shares of Secure Energy Services from C$12.50 to C$13.00 in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$12.19.

Secure Energy Services Stock Performance

Shares of SES stock opened at C$11.29 on Monday. The stock has a market cap of C$3.16 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.17 and a beta of 2.58. The company has a fifty day moving average price of C$10.83 and a two-hundred day moving average price of C$9.13. Secure Energy Services has a one year low of C$5.81 and a one year high of C$11.64. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.20 earnings per share for the quarter, meeting the consensus estimate of C$0.20. The company had revenue of C$451.00 million for the quarter, compared to analyst estimates of C$429.00 million. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. As a group, equities analysts predict that Secure Energy Services will post 0.7098351 EPS for the current year.

Secure Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 28th. Secure Energy Services’s dividend payout ratio is currently 61.54%.

Insider Activity

In other 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 value of C$8,302,496.78. In related news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of Secure Energy Services 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$137,356.34. Also, Director Rene Amirault sold 731,807 shares of Secure Energy Services 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 the last three months, insiders have sold 751,914 shares of company stock worth $8,529,853. Corporate insiders own 1.42% 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.