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

Secure Energy Services (TSE:SES) had its price target raised by equities researchers at Scotiabank from C$16.00 to C$18.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 13.21% from the company’s current price.

Other analysts also recently issued reports about the stock. National Bankshares raised their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. Eight Capital set a C$20.00 price objective on shares of Secure Energy Services and gave the company a “buy” rating in a research report on Wednesday, October 9th. CIBC boosted their target price on Secure Energy Services from C$15.00 to C$16.00 and gave the company a “neutral” rating in a research report on Thursday. ATB Capital increased their price objective 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. Finally, BMO Capital Markets increased their target price on Secure Energy Services from C$16.00 to C$17.00 in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$16.58.

Secure Energy Services Stock Up 2.5 %

SES opened at C$15.90 on Thursday. The stock has a market capitalization 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. The firm has a 50 day moving average price of C$12.69 and a 200-day moving average price of C$11.98. Secure Energy Services has a twelve month low of C$7.57 and a twelve month high of C$15.91. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03.

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 business had revenue of C$337.00 million for the quarter. Equities research analysts forecast that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Insider Transactions at Secure Energy Services

In other Secure Energy Services news, Director Rene Amirault sold 10,844 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$132,296.80. In other Secure Energy Services news, Director Rene Amirault sold 10,844 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$132,296.80. Also, 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. Over the last three months, insiders have sold 73,016 shares of company stock valued at $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.