Secure Energy Services (TSE:SES) Price Target Raised to C$17.00 at BMO Capital Markets

Secure Energy Services (TSE:SES) had its price objective upped by analysts at BMO Capital Markets from C$16.00 to C$17.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 27.06% from the stock’s current price.

A number of other research firms have also recently issued reports on SES. CIBC upped their price objective on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. ATB Capital upped their price objective on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Eight Capital set a C$20.00 price objective on shares of Secure Energy Services and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Scotiabank set a C$16.00 price objective on shares of Secure Energy Services and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, Raymond James boosted their target price on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$14.88.

Secure Energy Services Stock Performance

Secure Energy Services stock traded down C$0.03 during midday trading on Tuesday, hitting C$13.38. The company’s stock had a trading volume of 61,360 shares, compared to its average volume of 703,686. The company has a 50-day moving average price of C$12.35 and a two-hundred day moving average price of C$11.85. The company has a market cap of C$3.22 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 0.17 and a beta of 2.41. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. Secure Energy Services has a 1-year low of C$7.11 and a 1-year high of C$14.21.

Secure Energy Services (TSE:SES) last issued its earnings results on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The firm had revenue of C$337.00 million during the quarter. Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. As a group, sell-side analysts predict that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$48,934.20. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total transaction of C$538,121.90. In the last three months, insiders have sold 73,016 shares of company stock valued at $877,203. 0.95% of the stock is currently owned by 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.