Secure Energy Services (TSE:SES) PT Set at C$20.00 by Eight Capital

Secure Energy Services (TSE:SES) has been given a C$20.00 price target by investment analysts at Eight Capital in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock.

SES has been the topic of several other reports. BMO Capital Markets upped their price objective on shares of Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Scotiabank set a C$16.00 price objective on Secure Energy Services and gave the company an “outperform” rating in a research note on Friday, October 4th. ATB Capital boosted their price target on shares of Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. National Bankshares raised their price objective on shares of Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Finally, Raymond James upped their target price on shares of Secure Energy Services from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.78.

Secure Energy Services Price Performance

The stock’s 50-day simple moving average is C$12.08 and its two-hundred day simple moving average is C$11.72. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The firm has a market capitalization of C$3.31 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services has a one year low of C$7.11 and a one year high of C$13.98.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The company had revenue of C$337.00 million during the quarter. Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. As a group, sell-side analysts anticipate that Secure Energy Services will post 0.7844418 EPS for the current year.

Insider Transactions at Secure Energy Services

In other Secure Energy Services news, Senior Officer Allen Peter Gransch sold 4,011 shares of the 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. In other Secure Energy Services news, Senior Officer Allen Peter Gransch sold 4,011 shares of the company’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. Also, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. In the last quarter, insiders sold 73,016 shares of company stock worth $877,203. Company 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.