Analysts Set Secure Energy Services Inc. (TSE:SES) Price Target at C$13.25

Secure Energy Services Inc. (TSE:SESGet Free Report) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$13.25.

A number of brokerages have weighed in on SES. Royal Bank of Canada increased their target price on shares of 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. ATB Capital increased their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. National Bankshares increased their price objective 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. Cormark increased their price objective 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. Finally, CIBC increased their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd.

Check Out Our Latest Analysis on SES

Insider Activity

In other news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total transaction of C$137,356.34. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the company’s stock in a transaction dated 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, Senior Officer James Darryl Anderson sold 65,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$11.62, for a total transaction of C$755,300.00. In the last quarter, insiders sold 808,914 shares of company stock worth $9,195,153. Corporate insiders own 0.93% of the company’s stock.

Secure Energy Services Trading Up 1.0 %

SES opened at C$11.40 on Tuesday. The stock has a market capitalization of C$3.00 billion, a PE ratio of 5.88, a P/E/G ratio of 0.17 and a beta of 2.55. The firm’s fifty day moving average price is C$11.37 and its 200 day moving average price is C$10.32. The company has a debt-to-equity ratio of 28.54, a current ratio of 1.71 and a quick ratio of 1.10. Secure Energy Services has a 12-month low of C$5.87 and a 12-month high of C$11.92.

Secure Energy Services (TSE:SESGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.12). The business had revenue of C$360.00 million for the quarter, compared to analyst estimates of C$351.30 million. Secure Energy Services had a return on equity of 41.83% and a net margin of 6.12%. As a group, research analysts expect that Secure Energy Services will post 0.699877 EPS for the current fiscal year.

Secure Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.51%. Secure Energy Services’s dividend payout ratio (DPR) is 20.62%.

About Secure Energy Services

(Get Free Report

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.

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Analyst Recommendations for Secure Energy Services (TSE:SES)

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