Secure Energy Services (TSE:SES) Price Target Raised to C$14.00

Secure Energy Services (TSE:SES) had its price target raised by BMO Capital Markets from C$13.00 to C$14.00 in a report published on Tuesday morning, BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. Raymond James boosted their target price 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. Royal Bank of Canada boosted their target price 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. CIBC boosted their target price on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a neutral rating in a research report on Monday. ATB Capital set a C$13.00 target price on shares of Secure Energy Services and gave the stock an outperform rating in a research report on Monday, March 25th. Finally, Cormark boosted their target price on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the stock a buy rating in a research report on Tuesday, February 27th. Two equities 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.com, the stock has a consensus rating of Moderate Buy and an average price target of C$13.09.

Secure Energy Services Trading Up 1.5 %

Shares of SES stock opened at C$11.16 on Tuesday. Secure Energy Services has a 12 month low of C$5.81 and a 12 month high of C$11.92. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92. The business’s 50 day moving average is C$11.23 and its two-hundred day moving average is C$9.61. The company has a market cap of C$3.13 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last announced its quarterly earnings results 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 the consensus estimate of C$429.00 million. Equities analysts predict that Secure Energy Services will post 0.6699029 EPS for the current year.

Secure Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.58%. The ex-dividend date was Thursday, March 28th. Secure Energy Services’s dividend payout ratio (DPR) is presently 61.54%.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$137,356.34. In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the business’s stock in a transaction 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. Also, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the business’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. Insiders have sold 751,914 shares of company stock valued at $8,529,853 in the last 90 days. 0.88% of the stock is currently 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.