Secure Energy Services (TSE:SES) PT Raised to C$12.00

Secure Energy Services (TSE:SES) had its price objective raised by research analysts at CIBC from C$11.00 to C$12.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 7.53% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. National Bankshares lifted their price target 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. ATB Capital set a C$13.00 price target on shares of Secure Energy Services and gave the company an “outperform” rating in a research report on Monday, March 25th. Raymond James lifted their price target on shares of Secure Energy Services from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Cormark lifted their price target 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. Finally, Royal Bank of Canada raised their price objective 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 note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$13.09.

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$11.16 on Monday. 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 company has a market cap of C$3.13 billion, a P/E ratio of 17.11, a PEG ratio of 0.17 and a beta of 2.58. 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 50-day moving average price of C$11.23 and a 200 day moving average price of C$9.61.

Secure Energy Services (TSE:SES) last announced its quarterly earnings data on Monday, February 26th. The company reported C$0.20 EPS for the quarter, meeting analysts’ consensus estimates of C$0.20. The firm had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. Research analysts predict that Secure Energy Services will post 0.6699029 earnings per share for the current year.

Insiders Place Their Bets

In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of Secure Energy Services 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 value of C$8,302,496.78. In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. Also, 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 the last three months, insiders sold 751,914 shares of company stock valued at $8,529,853. Company insiders own 0.88% of the company’s stock.

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.