CIBC Raises Secure Energy Services (TSE:SES) Price Target to C$17.25

Secure Energy Services (TSE:SES) had its target price lifted by CIBC from C$16.00 to C$17.25 in a note issued to investors on Tuesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 8.56% from the company’s current price.

Several other equities analysts have also issued reports on SES. National Bankshares lifted their target price on Secure Energy Services from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Eight Capital boosted their price objective on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Scotiabank increased their target price 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, October 31st. BMO Capital Markets lifted their price target on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, ATB Capital increased their price objective on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$16.70.

Secure Energy Services Trading Down 1.7 %

TSE:SES opened at C$15.89 on Tuesday. The firm has a 50-day simple moving average of C$15.51 and a 200-day simple moving average of C$13.14. Secure Energy Services has a one year low of C$8.77 and a one year high of C$17.13. The firm has a market cap of C$3.82 billion, a P/E ratio of 7.95, a P/E/G 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.

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 dated Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$48,934.20. Also, Director Rene Amirault sold 10,844 shares of Secure Energy Services stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$12.20, for a total value of C$132,296.80. Insiders sold a total of 54,820 shares of company stock worth $805,315 over the last three months. 0.95% of the stock is currently 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.