Secure Energy Services Inc. (TSE:SES) Receives C$17.20 Consensus Target Price from Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$17.20.

A number of brokerages have commented on SES. ATB Capital increased their price target on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets raised their target price on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Raymond James boosted their price target on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. CIBC raised their price objective on Secure Energy Services from C$16.00 to C$17.25 in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada set a C$17.00 target price on Secure Energy Services and gave the stock a “sector perform” rating in a report on Thursday, December 19th.

Secure Energy Services Trading Up 2.8 %

Shares of Secure Energy Services stock opened at C$15.19 on Friday. Secure Energy Services has a 12-month low of C$9.89 and a 12-month high of C$17.13. 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 moving average is C$15.93 and its 200-day moving average is C$14.13. The stock has a market cap of C$3.66 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.17 and a beta of 2.41.

Insider Transactions at Secure Energy Services

In other news, insider Llc Tpg Gp A sold 12,725 shares of Secure Energy Services stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$16.99, for a total value of C$216,235.93. Also, insider David Bonderman sold 2,995 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total value of C$48,905.36. Over the last quarter, insiders have sold 28,565 shares of company stock worth $478,734. Company insiders own 0.95% of the company’s stock.

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.