Eight Capital Analysts Give Secure Energy Services (TSE:SES) a C$20.00 Price Target

Eight Capital set a C$20.00 target price on Secure Energy Services (TSE:SES) in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. BMO Capital Markets boosted their price target on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. Scotiabank set a C$16.00 price objective on shares of Secure Energy Services and gave the company an outperform rating in a research report on Friday, October 4th. ATB Capital lifted their target price on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. CIBC boosted their price objective on shares of Secure Energy Services from C$12.00 to C$13.00 in a research note on Monday, July 15th. Finally, National Bankshares boosted their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Secure Energy Services currently has a consensus rating of Moderate Buy and an average price target of C$14.78.

Secure Energy Services Stock Up 2.8 %

SES stock opened at C$14.14 on Wednesday. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. The firm has a market capitalization of C$3.40 billion, a PE ratio of 7.07, a P/E/G ratio of 0.17 and a beta of 2.41. The company’s 50 day simple moving average is C$12.13 and its 200-day simple moving average is C$11.74. Secure Energy Services has a 12 month low of C$7.11 and a 12 month 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 analysts’ consensus estimates of C$0.14 by C($0.02). The business 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%. Equities analysts expect that Secure Energy Services will post 0.7844418 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.83%. Secure Energy Services’s payout ratio is presently 20.00%.

Insiders Place Their Bets

In other news, Director Mark Bly bought 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of C$11.52 per share, with a total value of C$115,200.00. In related news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of Secure Energy Services stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Director Mark Bly bought 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was bought at an average price of C$11.52 per share, with a total value of C$115,200.00. Over the last 90 days, insiders sold 73,016 shares of company stock valued at $877,203. 0.95% 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.