Raymond James Boosts Secure Energy Services (TSE:SES) Price Target to C$15.25

Secure Energy Services (TSE:SES) had its price objective upped by Raymond James from C$14.75 to C$15.25 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential downside of 4.09% from the stock’s previous close. Raymond James also issued estimates for Secure Energy Services’ FY2027 earnings at $1.28 EPS and FY2028 earnings at $1.59 EPS.

Several other analysts also recently issued reports on SES. ATB Capital increased their price target 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 target on Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. 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. National Bankshares boosted 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. Finally, BMO Capital Markets raised their price target on shares of Secure Energy Services from C$16.00 to C$17.00 in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$16.58.

Secure Energy Services Stock Performance

Shares of TSE:SES opened at C$15.90 on Thursday. The business has a 50-day moving average of C$12.69 and a two-hundred day moving average of C$11.98. The firm has a market capitalization of C$3.83 billion, a PE ratio of 7.76, a P/E/G ratio of 0.17 and a beta of 2.41. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. Secure Energy Services has a 12 month low of C$7.57 and a 12 month high of C$15.91.

Secure Energy Services (TSE:SES) last posted 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 during the quarter. As a group, research analysts forecast that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Insider Buying and Selling

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