Secure Energy Services (TSE:SES) PT Raised to C$13.50

Secure Energy Services (TSE:SES) had its price target hoisted by equities research analysts at Stifel Nicolaus from C$12.50 to C$13.50 in a report released on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 21.95% from the company’s current price.

Other research analysts have also issued reports about the stock. Cormark boosted their price objective on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Raymond James raised 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. CIBC lifted their target price on Secure Energy Services from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. BMO Capital Markets raised their price target on Secure Energy Services from C$14.00 to C$16.00 in a report on Thursday, March 28th. Finally, Royal Bank of Canada increased their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.22.

Secure Energy Services Stock Down 1.5 %

TSE SES traded down C$0.17 during trading hours on Thursday, hitting C$11.07. 216,749 shares of the company traded hands, compared to its average volume of 748,154. The stock has a market capitalization of C$3.10 billion, a price-to-earnings ratio of 17.05, a P/E/G 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 business’s 50-day moving average is C$11.19 and its 200-day moving average is C$9.51. The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52.

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. The company 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%. Sell-side analysts anticipate that Secure Energy Services will post 0.6699029 earnings per share for the current year.

Insider Activity at Secure Energy Services

In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction dated 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 other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the 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. Also, Senior Officer Michael Wayne Callihoo sold 12,107 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$137,356.34. Insiders sold 751,914 shares of company stock worth $8,529,853 over the last three months. Company insiders own 0.88% of the company’s stock.

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.