CIBC Increases Secure Energy Services (TSE:SES) Price Target to C$12.00

Secure Energy Services (TSE:SES - Free Report) had its target price boosted by CIBC from C$11.00 to C$12.00 in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also recently commented on the company. National Bankshares boosted 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 upped 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. Stifel Nicolaus upped their target price on Secure Energy Services from C$12.50 to C$13.50 and gave the stock a buy rating in a report on Thursday. ATB Capital set a C$13.00 target price on Secure Energy Services and gave the stock an outperform rating in a report on Monday, March 25th. Finally, Royal Bank of Canada upped their target price on Secure Energy Services from C$11.00 to C$12.00 and gave the stock a sector perform rating in a 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. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of C$13.34.

Secure Energy Services Price Performance

Shares of TSE:SES traded down C$0.04 during trading on Monday, reaching C$10.99. 437,225 shares of the company traded hands, compared to its average volume of 748,728. The company's 50 day moving average is C$11.22 and its two-hundred day moving average is C$9.58. The firm has a market capitalization of C$3.08 billion, a PE ratio of 16.95, a PEG 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. Secure Energy Services has a 52 week low of C$5.81 and a 52 week high of C$11.92.

Secure Energy Services (TSE:SES - Get Free Report) last released its earnings results on Monday, February 26th. The company reported C$0.20 earnings per share for the quarter, meeting analysts' consensus estimates of C$0.20. The firm 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, sell-side analysts predict that Secure Energy Services will post 0.6699029 earnings per share for the current year.

Secure Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 3.64%. Secure Energy Services's payout ratio is currently 61.54%.

Insiders Place Their Bets

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the 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 other news, Director Rene Amirault sold 731,807 shares of the stock in a transaction that occurred 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 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. Over the last quarter, insiders have sold 751,914 shares of company stock worth $8,529,853. Corporate insiders own 0.88% 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.