ATB Capital Raises Secure Energy Services (TSE:SES) Price Target to C$14.00

Secure Energy Services (TSE:SES) had its target price hoisted by ATB Capital from C$13.00 to C$14.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on SES. Royal Bank of Canada increased their price objective on 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. BMO Capital Markets raised their target price on Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. CIBC raised their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a neutral rating in a research report on Monday, April 22nd. Stifel Nicolaus lifted their price objective on Secure Energy Services from C$12.50 to C$13.50 and gave the company a buy rating in a report on Thursday, April 18th. Finally, National Bankshares lifted their price objective on Secure Energy Services from C$12.00 to C$13.00 and gave the company an outperform rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$13.25.

Secure Energy Services Trading Up 0.3 %

TSE:SES opened at C$11.59 on Friday. 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’s 50 day moving average price is C$11.29 and its 200 day moving average price is C$9.73. The company has a market capitalization of C$3.25 billion, a P/E ratio of 17.83, a P/E/G 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. On average, research analysts forecast that Secure Energy Services will post 0.6699029 EPS for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.45%. Secure Energy Services’s dividend payout ratio (DPR) is presently 61.54%.

Insider Buying and Selling

In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. In related news, Senior Officer James Darryl Anderson sold 65,000 shares of Secure Energy Services stock in a transaction dated Friday, April 26th. The stock was sold at an average price of C$11.62, for a total value of C$755,300.00. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. Insiders sold a total of 816,914 shares of company stock worth $9,285,153 over the last three months. 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.