Secure Energy Services (TSE:SES) Price Target Raised to C$13.00

Secure Energy Services (TSE:SES) had its price target boosted by CIBC from C$12.00 to C$13.00 in a research report sent to investors on Monday, BayStreet.CA reports.

A number of other equities research analysts also recently commented on the company. BMO Capital Markets upped their price objective on Secure Energy Services from C$13.00 to C$14.00 in a report on Tuesday, April 23rd. ATB Capital upped their price objective on Secure Energy Services from C$13.00 to C$14.00 and gave the company an outperform rating in a report on Friday, April 26th. Raymond James upped their price objective on Secure Energy Services from C$13.25 to C$13.50 and gave the company an outperform rating in a report on Friday, April 26th. Finally, Stifel Nicolaus upped 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$13.38.

Secure Energy Services Trading Down 0.7 %

SES stock opened at C$11.70 on Monday. The company has a market cap of C$3.08 billion, a P/E ratio of 6.03, a PEG ratio of 0.17 and a beta of 2.55. Secure Energy Services has a twelve month low of C$6.51 and a twelve month high of C$12.27. The company has a quick ratio of 1.10, a current ratio of 1.71 and a debt-to-equity ratio of 28.54. The business has a fifty day moving average of C$11.64 and a 200-day moving average of C$11.14.

Secure Energy Services (TSE:SES) last released 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 firm had revenue of C$360.00 million for the quarter, compared to the consensus estimate 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, equities research analysts expect that Secure Energy Services will post 0.699877 EPS for the current year.

Secure Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were paid a $0.10 dividend. The ex-dividend date was Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.42%. Secure Energy Services’s payout ratio is 20.62%.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, Director Rene Amirault sold 43,125 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$11.95, for a total value of C$515,343.75. In other news, Senior Officer Allen Peter Gransch acquired 106,620 shares of Secure Energy Services stock in a transaction dated Thursday, June 20th. The stock was bought at an average cost of C$11.66 per share, with a total value of C$1,243,189.20. Also, Director Rene Amirault sold 43,125 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$11.95, for a total value of C$515,343.75. Over the last ninety days, insiders acquired 323,569 shares of company stock valued at $3,752,369 and sold 173,125 shares valued at $2,018,144. Insiders own 0.93% of the company’s stock.

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.