Secure Energy Services (TSE:SES) Given a C$16.00 Price Target by Scotiabank Analysts

Secure Energy Services (TSE:SES) has been given a C$16.00 target price by equities researchers at Scotiabank in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 19.14% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their target price on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Raymond James lifted their price objective on Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. ATB Capital increased their target price on Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. CIBC lifted their price target on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Finally, National Bankshares upped their price target on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Secure Energy Services currently has an average rating of “Moderate Buy” and a consensus target price of C$14.19.

Secure Energy Services Stock Performance

Secure Energy Services stock opened at C$13.43 on Friday. The firm has a market capitalization of C$3.23 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.17 and a beta of 2.43. The stock has a fifty day moving average price of C$11.96 and a two-hundred day moving average price of C$11.68. Secure Energy Services has a 52-week low of C$6.98 and a 52-week high of C$13.65. 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 (TSE:SES) last announced its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The firm had revenue of C$337.00 million for the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%.

Insiders Place Their Bets

In other news, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. In related news, Director Mark Bly acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of C$11.52 per share, with a total value of C$115,200.00. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. In the last three months, insiders sold 73,016 shares of company stock valued at $877,203. 0.94% 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.