CIBC Forecasts Strong Price Appreciation for Secure Energy Services (TSE:SES) Stock

Secure Energy Services (TSE:SES) had its target price upped by investment analysts at CIBC from C$16.00 to C$17.25 in a research report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 5.89% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Scotiabank lifted their price target on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets upped their price objective on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Raymond James upped their target price on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. National Bankshares increased their price target on shares of Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Eight Capital increased their target price on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.70.

Secure Energy Services Stock Performance

Shares of SES stock traded down C$0.04 on Tuesday, hitting C$16.29. The company’s stock had a trading volume of 347,686 shares, compared to its average volume of 710,846. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The stock’s 50 day moving average is C$15.46 and its 200-day moving average is C$13.11. Secure Energy Services has a fifty-two week low of C$8.77 and a fifty-two week high of C$17.13. The company has a market capitalization of C$3.92 billion, a PE ratio of 8.14, a PEG ratio of 0.17 and a beta of 2.41.

Insider Transactions at Secure Energy Services

In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$48,934.20. Also, insider David Bonderman sold 2,995 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total value of C$48,905.36. Insiders have sold 54,820 shares of company stock valued at $805,315 in the last ninety days. Corporate insiders own 0.95% of the company’s stock.

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.