Secure Energy Services (TSE:SES) Price Target Raised to C$12.00

Secure Energy Services (TSE:SES) had its target price lifted by CIBC from C$11.00 to C$12.00 in a research note released on Monday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets lifted their target price on Secure Energy Services from C$14.00 to C$16.00 in a research report on Thursday, March 28th. Royal Bank of Canada boosted their price objective on shares of Secure Energy Services from C$11.00 to C$12.00 and gave the company a sector perform rating in a report on Tuesday, February 27th. Cormark upped their target price on shares of Secure Energy Services from C$12.00 to C$14.00 and gave the company a buy rating in a research report on Tuesday, February 27th. Raymond James lifted their price target on shares of Secure Energy Services from C$13.00 to C$13.25 and gave the company an outperform rating in a research report on Tuesday, February 27th. Finally, ATB Capital set a C$13.00 price objective on shares of Secure Energy Services and gave the stock an outperform rating in a report on Monday, March 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$13.09.

Secure Energy Services Price Performance

Secure Energy Services stock opened at C$11.07 on Monday. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92. The company has a 50-day moving average price of C$11.24 and a 200 day moving average price of C$9.64. Secure Energy Services has a 12-month low of C$5.81 and a 12-month high of C$11.92. The stock has a market cap of C$3.10 billion, a P/E ratio of 17.03, a PEG ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.20. The business had revenue of C$451.00 million during the quarter, compared to the consensus estimate of C$429.00 million. Secure Energy Services had a net margin of 2.36% and a return on equity of 15.91%. Sell-side analysts anticipate that Secure Energy Services will post 0.6699029 earnings per share for the current year.

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Thursday, March 28th. Secure Energy Services’s payout ratio is 61.54%.

Insider Buying and Selling

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$11.25, for a total transaction of C$90,000.00. In other Secure Energy Services news, Director Rene Amirault sold 731,807 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$8,302,496.78. Also, Senior Officer Michael Wayne Callihoo sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. Insiders have sold a total of 751,914 shares of company stock valued at $8,529,853 in the last ninety days. Company insiders own 0.88% 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.