CIBC Forecasts Strong Price Appreciation for Secure Energy Services (TSE:SES) Stock

Secure Energy Services (TSE:SES) had its price objective boosted by investment analysts at CIBC from C$15.00 to C$16.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 0.63% from the company’s previous close.

SES has been the topic of a number of other research reports. National Bankshares increased their target price on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. BMO Capital Markets lifted their target price on Secure Energy Services from C$16.00 to C$17.00 in a report on Tuesday, October 22nd. Raymond James upped their price target on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research note on Thursday. Eight Capital set a C$20.00 price objective on shares of Secure Energy Services and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, ATB Capital increased their target price on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$16.58.

Secure Energy Services Price Performance

Shares of SES opened at C$15.90 on Thursday. The company’s 50-day moving average is C$12.69 and its 200-day moving average is C$11.98. 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 firm has a market capitalization of C$3.83 billion, a PE ratio of 7.76, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services has a fifty-two week low of C$7.57 and a fifty-two week high of C$15.91.

Secure Energy Services (TSE:SES) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share 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 company had revenue of C$337.00 million during the quarter. Equities analysts forecast that Secure Energy Services will post 0.7671625 EPS for the current year.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, Director Mark Bly acquired 10,000 shares of Secure Energy Services stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of C$11.52 per share, with a total value of C$115,200.00. In related news, Director Mark Bly acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of C$11.52 per share, with a total value of C$115,200.00. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. Insiders sold a total of 73,016 shares of company stock worth $877,203 over the last three months. 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.