ATB Capital Forecasts Strong Price Appreciation for Secure Energy Services (TSE:SES) Stock

Secure Energy Services (TSE:SES) had its price target upped by equities research analysts at ATB Capital from C$17.00 to C$18.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price objective points to a potential upside of 13.21% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Raymond James raised their price target 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. BMO Capital Markets raised their target price on shares of Secure Energy Services from C$16.00 to C$17.00 in a research report on Tuesday, October 22nd. Scotiabank boosted their price target on Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday. National Bankshares raised their price objective on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, CIBC upped their target price on Secure Energy Services from C$15.00 to C$16.00 and gave the company a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eight have assigned 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.

Secure Energy Services Price Performance

SES stock opened at C$15.90 on Thursday. The stock’s 50 day moving average price is C$12.69 and its 200 day moving average price is C$11.98. The firm has a market cap of C$3.83 billion, a P/E ratio of 7.76, a PEG ratio of 0.17 and a beta of 2.41. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. Secure Energy Services has a 1 year low of C$7.57 and a 1 year high of C$15.91.

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%. On average, sell-side analysts expect that Secure Energy Services will post 0.7671625 earnings per share for the current fiscal year.

Insider Activity

In other Secure Energy Services news, Director Mark Bly purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of C$11.52 per share, with a total value of C$115,200.00. In other news, Senior Officer Allen Peter Gransch sold 4,011 shares of the company’s 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. Also, Director Mark Bly purchased 10,000 shares of the company’s stock in a transaction that occurred on 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 the last 90 days, insiders have sold 73,016 shares of company stock valued at $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.