ATB Capital Increases Secure Energy Services (TSE:SES) Price Target to C$18.00

Secure Energy Services (TSE:SES) had its target price upped by stock analysts at ATB Capital from C$17.00 to C$18.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s target price points to a potential upside of 13.21% from the company’s current price.

Other analysts have also recently issued research reports about the stock. CIBC raised their target price on shares of Secure Energy Services from C$15.00 to C$16.00 and gave the company a “neutral” rating in a report on Thursday. Eight Capital boosted their target price on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets raised their price target on Secure Energy Services from C$16.00 to C$17.00 in a research note on Tuesday, October 22nd. Raymond James increased their price objective on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a report on Thursday. Finally, Scotiabank boosted their target price on Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$16.58.

Secure Energy Services Price Performance

Secure Energy Services stock opened at C$15.90 on Thursday. The company’s 50 day moving average is C$12.69 and its two-hundred day moving average is C$11.98. The firm has a market cap of C$3.83 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. 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 has a 52-week low of C$7.57 and a 52-week high of C$15.91.

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). The company had revenue of C$337.00 million for the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. On average, research analysts expect that Secure Energy Services will post 0.7671625 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of C$48,934.20. In related news, Director Mark Bly purchased 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of C$11.52 per share, for a total transaction of C$115,200.00. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$48,934.20. Insiders sold a total of 73,016 shares of company stock valued at $877,203 over the last three months. 0.95% of the stock is currently owned by company insiders.

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.