Secure Energy Services (TSE:SES) PT Raised to C$16.00 at BMO Capital Markets

Secure Energy Services (TSE:SES) had its price target raised by stock analysts at BMO Capital Markets from C$14.00 to C$16.00 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 42.60% from the company’s previous close.

Several other equities analysts also recently issued reports on the company. Stifel Nicolaus upped their target price on Secure Energy Services from C$11.25 to C$12.50 and gave the company a “buy” rating in a research report on Tuesday, February 27th. CIBC increased their target price on shares of Secure Energy Services from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. National Bankshares upped their price target on Secure Energy Services from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Cormark raised their price objective on Secure Energy Services from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Royal Bank of Canada upped their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Secure Energy Services currently has an average rating of “Moderate Buy” and a consensus target price of C$12.53.

Secure Energy Services Stock Up 0.3 %

Shares of SES stock traded up C$0.03 during mid-day trading on Thursday, hitting C$11.22. 318,705 shares of the stock traded hands, compared to its average volume of 753,055. The stock’s fifty day moving average is C$10.83 and its two-hundred day moving average is C$9.13. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. Secure Energy Services has a 52-week low of C$5.81 and a 52-week high of C$11.64. The stock has a market cap of C$3.14 billion, a P/E ratio of 17.29, a P/E/G ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last released its quarterly earnings results on Monday, February 26th. The company reported C$0.20 EPS for the quarter, meeting analysts’ consensus estimates of C$0.20. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. The company had revenue of C$451.00 million during the quarter, compared to analysts’ expectations of C$429.00 million. Equities analysts predict that Secure Energy Services will post 0.7098351 EPS for the current year.

Insider Transactions at Secure Energy Services

In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. In other news, Director Rene Amirault sold 731,807 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. Insiders have sold a total of 751,914 shares of company stock worth $8,529,853 in the last ninety days. Insiders own 1.42% 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.