Secure Energy Services (TSE:SES) PT Set at C$13.00 by ATB Capital

ATB Capital set a C$13.00 target price on Secure Energy Services (TSE:SES) in a report published on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on SES. Raymond James boosted their price target on Secure Energy Services from C$13.00 to C$13.25 and gave the company an outperform rating in a research note on Tuesday, February 27th. Royal Bank of Canada upped their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a sector perform rating in a research note on Tuesday, February 27th. BMO Capital Markets increased their target price on Secure Energy Services from C$12.50 to C$13.00 in a research report on Friday, February 2nd. National Bankshares increased their target price on Secure Energy Services from C$12.00 to C$13.00 and gave the company an outperform rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus increased their price target on Secure Energy Services from C$11.25 to C$12.50 and gave the company a buy rating in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of C$12.53.

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$11.15 on Monday. Secure Energy Services has a 1-year low of C$5.81 and a 1-year high of C$11.64. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. The business has a fifty day moving average price of C$10.86 and a 200-day moving average price of C$9.14. The company has a market capitalization of C$3.12 billion, a PE ratio of 17.15, a PEG ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last released its quarterly earnings data on Monday, February 26th. The company reported C$0.20 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of C$429.00 million. As a group, equities analysts expect that Secure Energy Services will post 0.7098351 EPS for the current fiscal year.

Secure Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, March 28th. Secure Energy Services’s payout ratio is currently 61.54%.

Insider Activity at Secure Energy Services

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. 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. Also, Director Rene Amirault sold 731,807 shares of Secure Energy Services 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. Insiders have sold a total of 751,914 shares of company stock valued at $8,529,853 over the last quarter. 1.42% of the stock is 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.