Analysts Set Secure Energy Services Inc. (TSE:SES) Target Price at C$17.20

Shares of Secure Energy Services Inc. (TSE:SES) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$17.20.

Several equities analysts have weighed in on SES shares. National Bankshares raised their price objective on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets raised their price target on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Scotiabank upped 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 research report on Thursday, October 31st. Eight Capital boosted their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, ATB Capital increased their price target on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at Secure Energy Services

In other news, insider Llc Tpg Gp A sold 12,725 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$16.99, for a total transaction of C$216,235.93. Also, Director Wendy Hanrahan bought 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average cost of C$16.66 per share, for a total transaction of C$116,585.00. Insiders sold a total of 28,565 shares of company stock worth $478,734 over the last three months. Company insiders own 0.95% of the company’s stock.

Secure Energy Services Stock Performance

TSE SES opened at C$15.86 on Wednesday. The company has a market cap of C$3.82 billion, a P/E ratio of 7.93, a PEG ratio of 0.17 and a beta of 2.41. The company has a fifty day simple moving average of C$16.30 and a 200 day simple moving average of C$13.65. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. Secure Energy Services has a 12-month low of C$9.76 and a 12-month high of C$17.13.

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.