Secure Energy Services (TSE:SES – Get Free Report) had its target price upped by equities research analysts at CIBC from C$15.00 to C$16.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price would suggest a potential upside of 3.69% from the company’s current price.
SES has been the subject of a number of other reports. Raymond James increased their price objective on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research note on Thursday. National Bankshares upped their price objective on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Eight Capital set a C$20.00 target price on Secure Energy Services and gave the company a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their price target on Secure Energy Services from C$16.00 to C$17.00 in a research note on Tuesday, October 22nd. Finally, ATB Capital lifted their price objective on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$16.58.
View Our Latest Stock Analysis on Secure Energy Services
Secure Energy Services Stock Performance
Secure Energy Services (TSE:SES – Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate 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. On average, sell-side analysts expect that Secure Energy Services will post 0.7671625 earnings per share for the current year.
Insiders Place Their Bets
In other Secure Energy Services news, Director Mark Bly bought 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average cost of C$11.52 per share, for a total transaction of C$115,200.00. In related news, Director Mark Bly bought 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average price of C$11.52 per share, with a total value of C$115,200.00. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$48,934.20. Insiders sold 73,016 shares of company stock valued at $877,203 in the last three months. 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.
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