BMO Capital Markets Forecasts Strong Price Appreciation for Secure Energy Services (TSE:SES) Stock

Secure Energy Services (TSE:SES) had its target price upped by research analysts at BMO Capital Markets from C$17.00 to C$20.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 25.79% from the stock’s current price.

Several other research firms have also weighed in on SES. ATB Capital boosted their price objective on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday. Scotiabank boosted their price target on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday. Eight Capital raised their price objective on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James boosted their target price on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research note on Thursday. Finally, National Bankshares raised their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$16.58.

Secure Energy Services Price Performance

SES opened at C$15.90 on Thursday. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. The company’s 50 day simple moving average is C$12.69 and its 200-day simple moving average is C$11.98. Secure Energy Services has a one year low of C$7.57 and a one year high of C$15.91. The stock has a market capitalization of C$3.83 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES) last released its earnings results 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). Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. The firm had revenue of C$337.00 million during the quarter. Sell-side analysts anticipate that Secure Energy Services will post 0.7671625 earnings per share for the current fiscal year.

Insider Buying and Selling at Secure Energy Services

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 transaction of C$48,934.20. In other Secure Energy Services news, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$48,934.20. Also, Director Mark Bly acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of C$11.52 per share, with a total value of C$115,200.00. In the last quarter, insiders have sold 73,016 shares of company stock worth $877,203. Corporate insiders own 0.95% 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.