Secure Energy Services (TSE:SES) Given New C$17.00 Price Target at BMO Capital Markets

Secure Energy Services (TSE:SES) had its price target raised by equities research analysts at BMO Capital Markets from C$16.00 to C$17.00 in a note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 27.06% from the stock’s previous close.

Several other brokerages have also recently commented on SES. Scotiabank set a C$16.00 price objective on shares of Secure Energy Services and gave the company an “outperform” rating in a research note on Friday, October 4th. Raymond James lifted their target price on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. National Bankshares lifted 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. CIBC lifted their target price on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. Finally, ATB Capital lifted their target price on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Secure Energy Services currently has a consensus rating of “Moderate Buy” and an average price target of C$14.88.

Secure Energy Services Stock Performance

TSE SES traded down C$0.03 during trading hours on Tuesday, reaching C$13.38. 61,360 shares of the company were exchanged, compared to its average volume of 703,686. The stock has a market capitalization of C$3.22 billion, a P/E ratio of 6.70, a P/E/G ratio of 0.17 and a beta of 2.41. 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 business’s 50 day simple moving average is C$12.35 and its 200-day simple moving average is C$11.85. Secure Energy Services has a 1 year low of C$7.11 and a 1 year high of C$14.21.

Secure Energy Services (TSE:SES) last posted its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The business had revenue of C$337.00 million during the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. On average, equities research analysts expect that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Insider Transactions at Secure Energy Services

In other news, Senior Officer Allen Peter Gransch sold 4,011 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of the company’s 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$48,934.20. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total transaction of C$538,121.90. In the last ninety days, insiders sold 73,016 shares of company stock worth $877,203. 0.95% of the stock is currently owned by 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.