Eight Capital Boosts Secure Energy Services (TSE:SES) Price Target to C$22.00

Secure Energy Services (TSE:SES) had its price objective hoisted by Eight Capital from C$20.00 to C$22.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on SES. Raymond James upped their price objective on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets upped their price objective on Secure Energy Services from C$16.00 to C$17.00 in a research report on Tuesday, October 22nd. ATB Capital upped their price objective on 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. Scotiabank upped their price target on Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, CIBC upped their price target on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.58.

Secure Energy Services Trading Up 2.5 %

Secure Energy Services stock opened at C$15.51 on Thursday. The company has a market capitalization of C$3.73 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. 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$7.50 and a 12 month high of C$15.83. The business’s fifty day simple moving average is C$12.62 and its two-hundred day simple moving average is C$11.96.

Secure Energy Services (TSE:SES) last posted its quarterly earnings data 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). The firm had revenue of C$337.00 million for the quarter. Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. As a group, equities analysts predict that Secure Energy Services will post 0.7671625 earnings per share for the current fiscal year.

Secure Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Tuesday, October 1st. Secure Energy Services’s payout ratio is 20.00%.

Insider Activity

In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of the stock in a transaction that occurred 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 ninety days. 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.