BMO Capital Markets Boosts Secure Energy Services (TSE:SES) Price Target to C$14.00

Secure Energy Services (TSE:SES - Free Report) had its price target raised by BMO Capital Markets from C$13.00 to C$14.00 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other analysts have also recently weighed in on SES. ATB Capital set a C$13.00 price target on shares of Secure Energy Services and gave the company an outperform rating in a report on Monday, March 25th. Royal Bank of Canada increased their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a sector perform rating in a research report on Tuesday, February 27th. Cormark increased their price objective on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the company a buy rating in a research report on Tuesday, February 27th. CIBC raised their price target on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the stock a neutral rating in a research report on Monday. Finally, Raymond James raised their price target on shares of Secure Energy Services from C$13.00 to C$13.25 and gave the stock an outperform rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$13.09.

Secure Energy Services Stock Up 1.5 %

Shares of TSE:SES traded up C$0.17 during trading on Tuesday, reaching C$11.16. The stock had a trading volume of 408,928 shares, compared to its average volume of 744,438. Secure Energy Services has a one year low of C$5.81 and a one year high of C$11.92. The company has a market capitalization of C$3.13 billion, a P/E ratio of 17.11, a PEG ratio of 0.17 and a beta of 2.58. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92. The firm's 50-day simple moving average is C$11.23 and its 200 day simple moving average is C$9.61.

Secure Energy Services (TSE:SES - Get Free Report) last released its quarterly 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. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. The business had revenue of C$451.00 million for the quarter, compared to analysts' expectations of C$429.00 million. As a group, research analysts expect that Secure Energy Services will post 0.6699029 EPS for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 3.58%. Secure Energy Services's dividend payout ratio (DPR) is presently 61.54%.

Insiders Place Their Bets

In other news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services 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. In related news, Director Rene Amirault sold 731,807 shares of the business's stock in a transaction dated 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 the business's stock in a transaction dated 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 valued at $8,529,853 in the last 90 days. 0.88% of the stock is owned by 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.