Secure Energy Services (TSE:SES) Given New C$18.00 Price Target at ATB Capital

Secure Energy Services (TSE:SES) had its price target upped by ATB Capital from C$17.00 to C$18.00 in a report released on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently weighed in on SES. Eight Capital boosted their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank boosted their target price on Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday. National Bankshares boosted their target price on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday. CIBC boosted their target price on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Raymond James boosted their target price on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$16.58.

Secure Energy Services Price Performance

TSE:SES opened at C$15.51 on Thursday. Secure Energy Services has a 12 month low of C$7.50 and a 12 month high of C$15.83. The stock has a 50 day moving average of C$12.62 and a two-hundred day moving average of C$11.96. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The firm has a market cap of C$3.73 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES) last posted its quarterly earnings data 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). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The firm had revenue of C$337.00 million for the quarter. On average, analysts expect that Secure Energy Services will post 0.7671625 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Tuesday, October 1st. Secure Energy Services’s dividend payout ratio (DPR) is 20.00%.

Insiders Place Their Bets

In other Secure Energy Services news, Director Rene Amirault sold 10,844 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$132,296.80. In other news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00. Also, Director Rene Amirault sold 10,844 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$132,296.80. Insiders have sold 73,016 shares of company stock worth $877,203 over the last ninety days. Corporate insiders own 0.95% 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.