Secure Energy Services (TSE:SES) Price Target Raised to C$14.00 at ATB Capital

Secure Energy Services (TSE:SES) had its price target raised by analysts at ATB Capital from C$13.00 to C$14.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price objective suggests a potential upside of 21.74% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets boosted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday. CIBC upped their price target on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a “neutral” rating in a report on Monday. Cormark increased their target price on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. National Bankshares lifted their price target on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Finally, Raymond James upped their price objective on Secure Energy Services from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.25.

Secure Energy Services Trading Down 0.5 %

Shares of Secure Energy Services stock traded down C$0.06 during trading hours on Friday, hitting C$11.50. The company’s stock had a trading volume of 749,070 shares, compared to its average volume of 751,039. The business has a fifty day moving average of C$11.28 and a 200 day moving average of C$9.66. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92. Secure Energy Services has a 1-year low of C$5.81 and a 1-year high of C$11.92. The company has a market capitalization of C$3.22 billion, a PE ratio of 17.72, a P/E/G ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last issued its earnings results on Monday, February 26th. The company reported C$0.20 earnings per share for the quarter, hitting the consensus estimate of C$0.20. The company had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. As a group, equities analysts forecast that Secure Energy Services will post 0.6699029 EPS for the current year.

Insider Activity at Secure Energy Services

In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the company’s stock in a transaction on 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 other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the firm’s stock in a transaction 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 the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$8,302,496.78. Insiders sold 751,914 shares of company stock worth $8,529,853 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.

About Secure Energy Services

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.