Eight Capital Increases Secure Energy Services (TSE:SES) Price Target to C$22.00

Secure Energy Services (TSE:SES) had its price target increased by investment analysts at Eight Capital from C$20.00 to C$22.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Eight Capital’s price objective points to a potential upside of 38.36% from the company’s current price.

SES has been the topic of a number of other reports. BMO Capital Markets raised their price target on shares of Secure Energy Services from C$16.00 to C$17.00 in a research report on Tuesday, October 22nd. 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 boosted their price objective on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research report on Thursday. Scotiabank raised their target price on Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Raymond James boosted their price target on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$16.58.

Secure Energy Services Price Performance

Shares of TSE SES opened at C$15.90 on Thursday. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The firm’s 50-day simple moving average is C$12.69 and its 200 day simple moving average is C$11.98. The stock has a market cap of C$3.83 billion, a price-to-earnings 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 announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.02). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The company had revenue of C$337.00 million for the quarter. As a group, research analysts anticipate that Secure Energy Services will post 0.7671625 earnings per share for the current fiscal year.

Insider Transactions at Secure Energy Services

In related news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of Secure Energy Services 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 stock in a transaction dated 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 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 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.

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.