Secure Energy Services (TSE:SES) Given a C$20.00 Price Target at Eight Capital

Secure Energy Services (TSE:SES) received a C$20.00 price objective from research analysts at Eight Capital in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Eight Capital’s price objective points to a potential upside of 45.56% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Scotiabank set a C$16.00 price target on Secure Energy Services and gave the company an “outperform” rating in a research note on Friday, October 4th. National Bankshares upped their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. ATB Capital lifted their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets upped their price objective on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, CIBC lifted their target price on shares of Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$14.78.

Secure Energy Services Trading Up 3.0 %

Secure Energy Services stock traded up C$0.40 during midday trading on Wednesday, hitting C$13.74. 253,176 shares of the stock were exchanged, compared to its average volume of 710,699. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The stock’s 50-day simple moving average is C$12.04 and its 200 day simple moving average is C$11.71. Secure Energy Services has a fifty-two week low of C$7.11 and a fifty-two week high of C$13.74. The stock has a market capitalization of C$3.31 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES) last released its quarterly 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 for the quarter. On average, equities analysts anticipate that Secure Energy Services will post 0.7844418 EPS for the current year.

Insider Activity at Secure Energy Services

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the 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. Also, Director Rene Amirault sold 10,844 shares of Secure Energy Services stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$132,296.80. Over the last three months, insiders sold 73,016 shares of company stock worth $877,203. Company 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.