Secure Energy Services (TSE:SES) PT Raised to C$13.50 at Stifel Nicolaus

Secure Energy Services (TSE:SES) had its price target lifted by equities researchers at Stifel Nicolaus from C$12.50 to C$13.50 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 22.39% from the company’s current price.

Several other equities analysts also recently commented on the stock. 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 report on Tuesday, February 27th. CIBC boosted their target price on shares of Secure Energy Services from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. ATB Capital set a C$13.00 target price on shares of Secure Energy Services and gave the stock an “outperform” rating in a report on Monday, March 25th. National Bankshares boosted their target price on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, 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 report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$13.22.

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$11.03 on Thursday. 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. The company has a market capitalization of C$3.09 billion, a P/E ratio of 16.97, a P/E/G ratio of 0.17 and a beta of 2.58. The firm’s 50 day simple moving average is C$11.22 and its two-hundred day simple moving average is C$9.55.

Secure Energy Services (TSE:SES) last issued 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. 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 for the quarter, compared to the consensus estimate of C$429.00 million. Research analysts expect that Secure Energy Services will post 0.6699029 EPS for the current fiscal year.

Insider Activity at Secure Energy Services

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 transaction of C$8,302,496.78. 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. Also, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the 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$137,356.34. Insiders have sold a total of 751,914 shares of company stock valued at $8,529,853 over the last 90 days. 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.