Secure Energy Services (TSE:SES) Price Target Increased to C$15.00 by Analysts at ATB Capital

Secure Energy Services (TSE:SES) had its target price hoisted by ATB Capital from C$14.50 to C$15.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price objective points to a potential upside of 23.56% from the stock’s current price.

Several other equities research analysts have also issued reports on SES. CIBC lifted their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Stifel Nicolaus lifted their target price on Secure Energy Services from C$12.50 to C$13.50 and gave the stock a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets increased their price target on Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday. Raymond James boosted their target price on Secure Energy Services from C$13.25 to C$13.50 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, National Bankshares boosted their price target on shares of Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Secure Energy Services has a consensus rating of “Moderate Buy” and a consensus target price of C$13.97.

Secure Energy Services Trading Down 1.1 %

TSE SES traded down C$0.14 during trading on Wednesday, reaching C$12.14. 383,902 shares of the stock traded hands, compared to its average volume of 751,857. The firm has a market cap of C$3.19 billion, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55. The company has a quick ratio of 1.10, a current ratio of 1.71 and a debt-to-equity ratio of 28.54. Secure Energy Services has a fifty-two week low of C$6.64 and a fifty-two week high of C$12.53. The stock’s 50-day moving average price is C$11.69 and its 200 day moving average price is C$11.27.

Insider Buying and Selling

In other Secure Energy Services news, Senior Officer Corey Ray Higham acquired 208,949 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of C$11.58 per share, with a total value of C$2,419,504.05. In other Secure Energy Services news, Senior Officer Corey Ray Higham bought 208,949 shares of Secure Energy Services stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of C$11.58 per share, with a total value of C$2,419,504.05. Also, Senior Officer Michael Wayne Callihoo bought 3,600 shares of the stock in a transaction dated Thursday, May 9th. The stock was purchased at an average cost of C$11.16 per share, for a total transaction of C$40,176.00. In the last three months, insiders have bought 323,569 shares of company stock worth $3,752,369. Insiders own 0.93% 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.