Secure Energy Services (TSE:SES) Given a C$16.00 Price Target at Scotiabank

Scotiabank set a C$16.00 target price on Secure Energy Services (TSE:SES) in a report issued on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also commented on the company. Raymond James boosted their price target on Secure Energy Services from C$13.50 to C$14.25 and gave the stock an outperform rating in a research report on Wednesday, July 31st. National Bankshares upped their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. ATB Capital lifted their price target on shares of 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. CIBC upped their price objective on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. Finally, BMO Capital Markets lifted their target price on Secure Energy Services from C$14.00 to C$16.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$14.19.

Secure Energy Services Price Performance

Secure Energy Services stock opened at C$13.21 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03. The firm has a market capitalization of C$3.18 billion, a P/E ratio of 6.61, a PEG ratio of 0.17 and a beta of 2.43. The firm has a fifty day moving average of C$12.00 and a 200-day moving average of C$11.70. Secure Energy Services has a 52-week low of C$7.11 and a 52-week high of C$13.65.

Secure Energy Services (TSE:SES) last released its quarterly earnings data 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 company had revenue of C$337.00 million during the quarter.

Secure Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.03%. Secure Energy Services’s dividend payout ratio (DPR) is 20.00%.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, Senior Officer Allen Peter Gransch sold 4,011 shares of the 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$48,934.20. In other Secure Energy Services news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the 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 value of C$48,934.20. Insiders have sold 73,016 shares of company stock worth $877,203 over the last quarter. 0.94% of the stock is owned by corporate 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.