Secure Energy Services (TSE:SES) Price Target Raised to C$13.00 at CIBC

Secure Energy Services (TSE:SES) had its price objective raised by CIBC from C$12.00 to C$13.00 in a research report report published on Monday, BayStreet.CA reports.

A number of other analysts have also commented on the company. BMO Capital Markets lifted their price target on Secure Energy Services from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus lifted their target price on shares of Secure Energy Services from C$12.50 to C$13.50 and gave the stock a buy rating in a research report on Thursday, April 18th. ATB Capital upped their price target on shares of Secure Energy Services from C$13.00 to C$14.00 and gave the company an outperform rating in a research report on Friday, April 26th. Finally, Raymond James raised their price target on shares of Secure Energy Services from C$13.25 to C$13.50 and gave the company an outperform rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Secure Energy Services has an average rating of Moderate Buy and an average target price of C$13.38.

Secure Energy Services Trading Down 0.6 %

Shares of TSE:SES opened at C$11.63 on Monday. The company has a debt-to-equity ratio of 28.54, a current ratio of 1.71 and a quick ratio of 1.10. The company’s 50-day moving average price is C$11.65 and its two-hundred day moving average price is C$11.14. The stock has a market capitalization of C$3.06 billion, a PE ratio of 5.99, a price-to-earnings-growth ratio of 0.17 and a beta of 2.55. Secure Energy Services has a one year low of C$6.51 and a one year high of C$12.27.

Secure Energy Services (TSE:SES) last released its quarterly earnings data on Thursday, April 25th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.12). The business had revenue of C$360.00 million during the quarter, compared to the consensus estimate of C$351.30 million. Secure Energy Services had a net margin of 6.12% and a return on equity of 41.83%. On average, equities analysts forecast that Secure Energy Services will post 0.699877 EPS for the current fiscal year.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Monday, July 1st. Secure Energy Services’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo purchased 3,600 shares of the firm’s stock in a transaction on 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 related news, Senior Officer James Darryl Anderson sold 65,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$11.50, for a total transaction of C$747,500.00. Also, Senior Officer Michael Wayne Callihoo bought 3,600 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of C$11.16 per share, for a total transaction of C$40,176.00. Over the last quarter, insiders bought 323,569 shares of company stock valued at $3,752,369 and sold 173,125 shares valued at $2,018,144. 0.93% of the stock is owned by insiders.

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.