Secure Energy Services (TSE:SES) Price Target Increased to C$14.00 by Analysts at ATB Capital

Secure Energy Services (TSE:SES) had its target price boosted by ATB Capital from C$13.00 to C$14.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on SES. CIBC upped their price objective on Secure Energy Services from C$11.00 to C$12.00 and gave the company a neutral rating in a research report on Monday, April 22nd. Cormark increased their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the company a buy rating in a report on Tuesday, February 27th. National Bankshares lifted their price objective on shares of Secure Energy Services from C$12.00 to C$13.00 and gave the stock an outperform rating in a research note on Tuesday, February 27th. Raymond James raised their target price on shares of Secure Energy Services from C$13.00 to C$13.25 and gave the stock an outperform rating in a report on Tuesday, February 27th. Finally, BMO Capital Markets lifted their price target on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of C$13.25.

Secure Energy Services Trading Up 0.3 %

Shares of SES opened at C$11.59 on Friday. The stock has a market capitalization of C$3.25 billion, a PE ratio of 17.83, a P/E/G ratio of 0.17 and a beta of 2.58. The company’s fifty day moving average is C$11.29 and its 200 day moving average is C$9.69. The company has a debt-to-equity ratio of 92.92, a quick ratio of 1.10 and a current ratio of 2.52. Secure Energy Services has a fifty-two week low of C$5.81 and a fifty-two week high of C$11.92.

Secure Energy Services (TSE:SES) last posted its earnings results on Monday, February 26th. The company reported C$0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.20. The firm had revenue of C$451.00 million for 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 expect that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.45%. Secure Energy Services’s dividend payout ratio (DPR) is 61.54%.

Insider Activity

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

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.