Royal Bank of Canada Reiterates C$17.00 Price Target for Secure Energy Services (TSE:SES)

Secure Energy Services (TSE:SES) has been assigned a C$17.00 price target by analysts at Royal Bank of Canada in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 6.38% from the stock’s current price.

A number of other brokerages have also recently commented on SES. Eight Capital lifted their target price on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. ATB Capital boosted their price target 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. CIBC boosted their target price on Secure Energy Services from C$16.00 to C$17.25 in a research note on Tuesday. Raymond James lifted their price target on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, National Bankshares upped their price objective on shares of Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$17.20.

Secure Energy Services Stock Performance

TSE:SES opened at C$15.98 on Thursday. Secure Energy Services has a 1-year low of C$9.02 and a 1-year high of C$17.13. 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 business has a 50 day moving average of C$15.67 and a 200 day moving average of C$13.21. The company has a market capitalization of C$3.85 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 0.17 and a beta of 2.41.

Insider Activity

In other news, insider Llc Tpg Gp A sold 12,725 shares of Secure Energy Services stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$16.99, for a total value of C$216,235.93. Also, insider James G. Coulter sold 8,574 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$16.69, for a total value of C$143,117.21. In the last ninety days, insiders sold 54,820 shares of company stock worth $805,315. 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.