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

Secure Energy Services (TSE:SES) had its price objective boosted by National Bankshares from C$14.00 to C$17.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 6.92% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Scotiabank boosted their price target on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets lifted their price objective on shares of Secure Energy Services from C$16.00 to C$17.00 in a research report on Tuesday, October 22nd. Raymond James increased their target price on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a report on Thursday. Eight Capital set a C$20.00 price target on Secure Energy Services and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, ATB Capital increased their price objective on Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$16.58.

Secure Energy Services Stock Up 2.5 %

Shares of Secure Energy Services stock opened at C$15.90 on Thursday. 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 12-month low of C$7.57 and a 12-month high of C$15.91. The firm has a market capitalization 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 stock’s fifty day moving average is C$12.69 and its 200-day moving average is C$11.98.

Secure Energy Services (TSE:SES) last posted its quarterly earnings data 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. Equities analysts anticipate that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Insiders Place Their Bets

In other Secure Energy Services news, Director Mark Bly acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of C$11.52 per share, with a total value of C$115,200.00. In other news, Director Rene Amirault sold 10,844 shares of the company’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$132,296.80. Also, Director Mark Bly acquired 10,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were bought at an average cost of C$11.52 per share, for a total transaction of C$115,200.00. Insiders have sold a total of 73,016 shares of company stock valued at $877,203 in the last three months. 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.