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

Secure Energy Services (TSE:SES) had its price objective increased by analysts at BMO Capital Markets from C$13.00 to C$14.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 25.79% from the company’s current price.

A number of other research firms have also recently commented on SES. National Bankshares increased their target price 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. Raymond James increased their target price on shares of 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. Cormark increased their target price on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. CIBC increased their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Stifel Nicolaus increased their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$13.09.

Secure Energy Services Stock Up 1.3 %

Shares of SES traded up C$0.14 during mid-day trading on Tuesday, hitting C$11.13. The company’s stock had a trading volume of 167,864 shares, compared to its average volume of 741,226. The company’s 50-day moving average is C$11.22 and its 200-day moving average is C$9.58. Secure Energy Services has a 52-week low of C$5.81 and a 52-week high of C$11.92. The firm has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 0.17 and a beta of 2.58. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92.

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

Insider Buying and Selling at Secure Energy Services

In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total value of C$90,000.00. In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the stock in a transaction on Thursday, February 29th. The shares were 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 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$8,302,496.78. In the last quarter, insiders have sold 751,914 shares of company stock worth $8,529,853. 0.88% of the stock is owned by corporate 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.