Raymond James Increases Secure Energy Services (TSE:SES) Price Target to C$13.50

Secure Energy Services (TSE:SES) had its target price increased by analysts at Raymond James from C$13.25 to C$13.50 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 17.39% from the company’s previous close.

Several other equities research analysts also recently weighed in on SES. CIBC upped 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. BMO Capital Markets upped their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Tuesday. Stifel Nicolaus upped their price objective on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a report on Thursday, April 18th. Royal Bank of Canada upped 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 report on Tuesday, February 27th. Finally, Cormark boosted their price target on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$13.25.

Secure Energy Services Stock Down 0.5 %

Shares of SES traded down C$0.06 during mid-day trading on Friday, reaching C$11.50. 749,070 shares of the stock traded hands, compared to its average volume of 751,039. 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 stock has a fifty day simple moving average of C$11.28 and a 200 day simple moving average of C$9.66. The firm has a market cap of C$3.22 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 0.17 and a beta of 2.58. Secure Energy Services has a 12-month low of C$5.81 and a 12-month high of C$11.92.

Secure Energy Services (TSE:SES) last issued its quarterly earnings results on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.20. The business had revenue of C$451.00 million during the quarter, compared to analyst estimates of C$429.00 million. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. Sell-side analysts expect that Secure Energy Services will post 0.6699029 EPS for the current fiscal year.

Insider Buying and Selling at Secure Energy Services

In other news, 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. In other news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$137,356.34. Also, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. Insiders have sold a total of 751,914 shares of company stock valued at $8,529,853 in the last 90 days. 0.88% of the stock is currently owned by corporate 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.