Secure Energy Services (TSE:SES) Price Target Raised to C$18.00

Secure Energy Services (TSE:SESGet Free Report) had its price target raised by equities researchers at Scotiabank from C$16.00 to C$18.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 16.66% from the stock’s previous close.

A number of other analysts have also recently commented on SES. Eight Capital set a C$20.00 price objective on Secure Energy Services and gave the company a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price target on shares of Secure Energy Services from C$16.00 to C$17.00 in a report on Tuesday, October 22nd. CIBC upped their price objective on shares of Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research report on Thursday. 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 report on Wednesday, July 31st. Finally, National Bankshares raised their price target 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 given a buy rating to the company’s stock. According to MarketBeat.com, Secure Energy Services presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.58.

Read Our Latest Stock Report on Secure Energy Services

Secure Energy Services Stock Performance

SES stock traded up C$0.30 during midday trading on Thursday, hitting C$15.43. 487,255 shares of the stock traded hands, compared to its average volume of 700,154. Secure Energy Services has a 1-year low of C$7.50 and a 1-year high of C$15.83. 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 stock’s fifty day simple moving average is C$12.62 and its 200-day simple moving average is C$11.96. The firm has a market cap of C$3.71 billion, a P/E ratio of 7.72, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SESGet Free Report) last posted 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 for the quarter. Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. On average, analysts expect that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Insider Activity at Secure Energy Services

In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. In other Secure Energy Services news, Senior Officer Allen Peter Gransch sold 4,011 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$48,934.20. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the company’s stock in a transaction that occurred 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 90 days, insiders have sold 73,016 shares of company stock worth $877,203. 0.95% of the stock is currently owned by company insiders.

About Secure Energy Services

(Get Free Report)

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.

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