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

Secure Energy Services (TSE:SES - Get Free Report) had its price objective raised by BMO Capital Markets from C$14.00 to C$16.00 in a research note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets' target price would indicate a potential upside of 43.50% from the stock's current price.

Other analysts also recently issued reports about the company. National Bankshares raised 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 note on Tuesday, February 27th. Cormark lifted their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Royal Bank of Canada lifted 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. Stifel Nicolaus lifted their price target on Secure Energy Services from C$11.25 to C$12.50 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Finally, Raymond James lifted their price target 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 stock. According to data from MarketBeat, Secure Energy Services presently has an average rating of "Moderate Buy" and an average target price of C$12.53.

Secure Energy Services Trading Down 0.4 %

Shares of SES stock traded down C$0.04 on Thursday, reaching C$11.15. 664,594 shares of the stock were exchanged, compared to its average volume of 759,030. The stock has a market cap of C$3.12 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 0.17 and a beta of 2.58. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92. The firm has a 50 day moving average of C$10.83 and a two-hundred day moving average of C$9.13. Secure Energy Services has a 1-year low of C$5.81 and a 1-year high of C$11.64.

Secure Energy Services (TSE:SES - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. On average, research analysts anticipate that Secure Energy Services will post 0.7098351 EPS for the current year.

Insiders Place Their Bets

In other Secure Energy Services 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 value of C$90,000.00. In related news, 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. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total value of C$90,000.00. Insiders have sold a total of 751,914 shares of company stock valued at $8,529,853 in the last three months. Company 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.