Secure Energy Services (TSE:SES) Price Target Increased to C$13.50 by Analysts at Raymond James

Secure Energy Services (TSE:SES) had its price target upped by equities researchers at Raymond James from C$13.25 to C$13.50 in a report released on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 16.48% from the company’s current price. Raymond James also issued estimates for Secure Energy Services’ FY2025 earnings at $0.75 EPS and FY2028 earnings at $1.48 EPS.

SES has been the topic of several other reports. Cormark upped 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. Royal Bank of Canada upped their target price 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. National Bankshares upped 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. CIBC upped 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, April 22nd. Finally, ATB Capital upped their target price on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$13.25.

Secure Energy Services Stock Up 0.3 %

SES opened at C$11.59 on Friday. The firm has a 50-day simple moving average of C$11.29 and a two-hundred day simple moving average of C$9.69. Secure Energy Services has a 52 week low of C$5.81 and a 52 week high of C$11.92. The company has a market capitalization of C$3.25 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92.

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. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. The business had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. Analysts forecast that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Rene Amirault sold 731,807 shares of the stock in a transaction dated 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 other news, Senior Officer Michael Wayne Callihoo sold 12,107 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 transaction of C$137,356.34. Also, Director Rene Amirault sold 731,807 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$8,302,496.78. Insiders have sold 816,914 shares of company stock valued at $9,285,153 in the last ninety days. 0.88% of the stock is 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.