Secure Energy Services (TSE:SES) Price Target Raised to C$14.00

Secure Energy Services (TSE:SES) had its price objective lifted by BMO Capital Markets from C$13.00 to C$14.00 in a research report released on Tuesday morning, BayStreet.CA reports.

SES has been the topic of several other reports. ATB Capital set a C$13.00 price objective on Secure Energy Services and gave the company an outperform rating in a research report on Monday, March 25th. Cormark increased their target price on 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. Raymond James increased their target price on Secure Energy Services from C$13.00 to C$13.25 and gave the stock an outperform rating in a research report on Tuesday, February 27th. CIBC increased 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. Finally, Royal Bank of Canada increased their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a sector perform rating in a research 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 stock. According to MarketBeat, Secure Energy Services currently has a consensus rating of Moderate Buy and a consensus price target of C$13.09.

Secure Energy Services Stock Up 4.4 %

Shares of TSE:SES opened at C$11.56 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92. Secure Energy Services has a 52-week low of C$5.81 and a 52-week high of C$11.92. The stock’s fifty day simple moving average is C$11.26 and its 200-day simple moving average is C$9.65. The company has a market capitalization of C$3.24 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.20 earnings per share (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 business had revenue of C$451.00 million for the quarter, compared to the consensus estimate of C$429.00 million. As a group, equities research analysts forecast that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 3.46%. Secure Energy Services’s dividend payout ratio is presently 61.54%.

Insiders Place Their Bets

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 stock was 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 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 company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$8,302,496.78. Insiders sold 751,914 shares of company stock worth $8,529,853 over the last three months. 0.88% of the stock is owned by insiders.

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.