BMO Capital Markets Issues Positive Forecast for Secure Energy Services (TSE:SES) Stock Price

by · The Cerbat Gem

Secure Energy Services (TSE:SES – Get Free Report) had its price target upped by research analysts at BMO Capital Markets from C$17.00 to C$20.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 29.62% from the company’s current price.

A number of other analysts have also weighed in on SES. Raymond James raised their price objective on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research note on Thursday. Scotiabank raised their price target on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday. ATB Capital upped their price objective on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday. CIBC lifted their target price on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, National Bankshares upped their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday. Two equities 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$16.58.

Get Our Latest Report on Secure Energy Services

Secure Energy Services Stock Up 2.0 %

TSE SES traded up C$0.30 during trading hours on Thursday, reaching C$15.43. 487,255 shares of the company’s stock traded hands, compared to its average volume of 700,154. Secure Energy Services has a 52-week low of C$7.50 and a 52-week high of C$15.83. The company has a debt-to-equity ratio of 52.03, a current ratio of 1.15 and a quick ratio of 1.10. The firm has a 50-day simple moving average of C$12.62 and a 200 day simple moving average of C$11.96. The firm has a market cap of C$3.71 billion, a PE ratio of 7.72, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES – Get Free Report) last posted its quarterly earnings results 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 return on equity of 50.56% and a net margin of 5.62%. Sell-side analysts anticipate that Secure Energy Services will post 0.7671625 EPS for the current fiscal year.

Insider Transactions at Secure Energy Services

In other Secure Energy Services news, Director Mark Bly bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was bought 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 acquired 10,000 shares of Secure Energy Services stock in a transaction dated Thursday, September 12th. The stock was purchased at an average cost of C$11.52 per share, for a total transaction of C$115,200.00. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of Secure Energy Services stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$48,934.20. Insiders have sold 73,016 shares of company stock worth $877,203 in the last quarter. Company insiders own 0.95% of the company’s stock.

Secure Energy Services Company Profile

(Get Free Report)

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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