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

Secure Energy Services (TSE:SES) had its price objective lifted by equities researchers at ATB Capital from C$13.00 to C$14.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price objective points to a potential upside of 20.79% from the company’s previous close.

A number of other analysts have also recently issued reports on SES. Stifel Nicolaus raised their price objective on 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. 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 report on Tuesday, February 27th. BMO Capital Markets raised their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Royal Bank of Canada lifted their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 27th. Finally, Raymond James boosted their price target on Secure Energy Services from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Secure Energy Services has a consensus rating of “Moderate Buy” and a consensus price target of C$13.25.

Secure Energy Services Stock Performance

Shares of TSE SES opened at C$11.59 on Friday. The stock has a 50 day moving average price of C$11.29 and a 200 day moving average price 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 debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52. The stock 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.

Secure Energy Services (TSE:SES) last released its quarterly earnings data on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of C$429.00 million. Analysts predict that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Insider Activity at Secure Energy Services

In related news, Director Rene Amirault sold 731,807 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$8,302,496.78. In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction on Thursday, March 21st. The stock was 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 8,000 shares of Secure Energy Services 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. Insiders sold 816,914 shares of company stock worth $9,285,153 in the last ninety days. 0.88% of the stock is owned by company 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.