Secure Energy Services (TSE:SES) Price Target Raised to C$17.00 at National Bankshares

Secure Energy Services (TSE:SES) had its price objective increased by investment analysts at National Bankshares from C$14.00 to C$17.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 6.92% from the stock’s previous close.

Several other equities analysts have also recently commented on SES. CIBC upped their price target on Secure Energy Services from C$15.00 to C$16.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James boosted their price objective on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research report on Thursday. Eight Capital set a C$20.00 target price on Secure Energy Services and gave the stock a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets increased their price objective on shares of Secure Energy Services from C$16.00 to C$17.00 in a research note on Tuesday, October 22nd. Finally, Scotiabank raised their price objective on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Secure Energy Services presently has a consensus rating of “Moderate Buy” and an average price target of C$16.58.

Secure Energy Services Price Performance

TSE:SES opened at C$15.90 on Thursday. 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 one year low of C$7.57 and a one year high of C$15.91. The company has a fifty day moving average price of C$12.69 and a 200 day moving average price of C$11.98. The stock has a market cap of C$3.83 billion, a P/E ratio of 7.76, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter. Analysts anticipate that Secure Energy Services will post 0.7671625 earnings per share for the current year.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, Director Rene Amirault sold 10,844 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total transaction of C$132,296.80. In related news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00. Also, Director Rene Amirault sold 10,844 shares of Secure Energy Services stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$132,296.80. Insiders have sold a total of 73,016 shares of company stock worth $877,203 over the last ninety days. Corporate insiders own 0.95% 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.