Secure Energy Services (TSE:SES) PT Raised to C$17.00 at BMO Capital Markets

Secure Energy Services (TSE:SES) had its target price upped by BMO Capital Markets from C$16.00 to C$17.00 in a research note issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 26.02% from the company’s current price.

Several other analysts have also issued reports on SES. Raymond James upped their target price on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. National Bankshares increased their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. ATB Capital upped their target price on Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. CIBC lifted their price target on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Finally, Eight Capital set a C$20.00 price objective on Secure Energy Services and gave the company a “buy” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Secure Energy Services presently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.88.

Secure Energy Services Trading Up 1.4 %

TSE:SES opened at C$13.49 on Tuesday. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. Secure Energy Services has a one year low of C$7.11 and a one year high of C$14.21. The company has a market cap of C$3.25 billion, a PE ratio of 6.75, a PEG ratio of 0.17 and a beta of 2.41. The firm has a 50-day moving average of C$12.42 and a 200-day moving average of C$11.87.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The company had revenue of C$337.00 million during the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. As a group, equities research analysts expect that Secure Energy Services will post 0.7671625 EPS for the current fiscal year.

Insider Transactions at Secure Energy Services

In related news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total value of C$145,350.00. In other news, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total transaction of C$145,350.00. Insiders sold 73,016 shares of company stock worth $877,203 over the last quarter. Corporate insiders own 0.95% 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.