BMO Capital Markets Boosts Secure Energy Services (TSE:SES) Price Target to C$17.00

Secure Energy Services (TSE:SES) had its price target lifted by BMO Capital Markets from C$16.00 to C$17.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Several other research firms also recently weighed in on SES. National Bankshares raised their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. ATB Capital lifted their price objective on Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Raymond James upped their target price on Secure Energy Services from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. CIBC boosted their price target on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Finally, Scotiabank set a C$16.00 price objective on Secure Energy Services and gave the company an “outperform” rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Secure Energy Services presently has a consensus rating of “Moderate Buy” and an average target price of C$14.88.

Secure Energy Services Price Performance

Shares of TSE:SES opened at C$13.55 on Tuesday. The firm has a market capitalization of C$3.26 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. The business’s 50 day simple moving average is C$12.46 and its 200-day simple moving average is C$11.89. Secure Energy Services has a 12 month low of C$7.18 and a 12 month 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 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The firm had revenue of C$337.00 million for the quarter. As a group, equities analysts forecast that Secure Energy Services will post 0.7671625 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.95%. Secure Energy Services’s payout ratio is currently 20.00%.

Insider Activity 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 shares were sold at an average price of C$12.20, for a total transaction of C$48,934.20. In other news, Director Rene Amirault sold 10,844 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$132,296.80. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’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 transaction of C$48,934.20. Over the last three months, insiders sold 73,016 shares of company stock worth $877,203. 0.95% of the stock is 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.