CIBC Boosts Secure Energy Services (TSE:SES) Price Target to C$12.00

Secure Energy Services (TSE:SES) had its target price boosted by CIBC from C$11.00 to C$12.00 in a research note issued to investors on Monday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. ATB Capital set a C$13.00 price objective on Secure Energy Services and gave the company an outperform rating in a research note on Monday, March 25th. Cormark raised their price objective on Secure Energy Services from C$12.00 to C$14.00 and gave the company a buy rating in a research note on Tuesday, February 27th. BMO Capital Markets raised their price objective on Secure Energy Services from C$14.00 to C$16.00 in a research note on Thursday, March 28th. Raymond James raised their price target on Secure Energy Services from C$13.00 to C$13.25 and gave the stock an outperform rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus boosted their price objective on Secure Energy Services from C$12.50 to C$13.50 and gave the company a buy rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$13.34.

Secure Energy Services Stock Performance

TSE SES opened at C$10.99 on Monday. The stock has a market capitalization of C$3.08 billion, a PE ratio of 16.91, a P/E/G ratio of 0.17 and a beta of 2.58. The business has a 50 day simple moving average of C$11.22 and a two-hundred day simple moving average of C$9.58. 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 has a 1-year low of C$5.81 and a 1-year high of C$11.92.

Secure Energy Services (TSE:SES) last released its quarterly earnings results 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 business had revenue of C$451.00 million during the quarter, compared to analysts’ expectations of C$429.00 million. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. On average, research analysts predict that Secure Energy Services will post 0.6699029 EPS for the current fiscal year.

Secure Energy Services Announces Dividend

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

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 stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction dated 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 company’s 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. Insiders sold a total of 751,914 shares of company stock valued at $8,529,853 in the last ninety days. 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.