Secure Energy Services (TSE:SES) Given New C$13.50 Price Target at Raymond James

Secure Energy Services (TSE:SES - Get Free Report) had its target price increased by Raymond James from C$13.25 to C$13.50 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James' target price would indicate a potential upside of 16.48% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on SES. ATB Capital increased their price target on Secure Energy Services from C$13.00 to C$14.00 and gave the company an "outperform" rating in a research note on Friday. BMO Capital Markets increased their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research report on Tuesday. National Bankshares increased their price objective on Secure Energy Services from C$12.00 to C$13.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 27th. Stifel Nicolaus increased their price objective on Secure Energy Services from C$12.50 to C$13.50 and gave the stock a "buy" rating in a research report on Thursday, April 18th. Finally, CIBC raised their price objective on Secure Energy Services from C$11.00 to C$12.00 and gave the company a "neutral" rating in a research note on Monday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$13.25.

Secure Energy Services Stock Up 0.3 %

Shares of TSE SES traded up C$0.03 during trading hours on Friday, hitting C$11.59. The company had a trading volume of 1,206,418 shares, compared to its average volume of 757,289. The stock has a market capitalization of C$3.25 billion, a P/E ratio of 17.83, 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. Secure Energy Services has a 1-year low of C$5.81 and a 1-year high of C$11.92. The firm's 50 day moving average is C$11.28 and its 200-day moving average is C$9.66.

Secure Energy Services (TSE:SES - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported C$0.20 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 company had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. On average, analysts expect that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Insider Activity at Secure Energy Services

In related news, Director Rene Amirault sold 731,807 shares of the firm's 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 transaction of C$8,302,496.78. In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 12,107 shares of Secure Energy Services stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$137,356.34. In the last three months, insiders have sold 751,914 shares of company stock valued at $8,529,853. 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.