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

Secure Energy Services (TSE:SES) had its target price upped by equities research analysts at CIBC from C$15.00 to C$16.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 3.69% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Scotiabank set a C$16.00 price objective on shares of Secure Energy Services and gave the company an “outperform” rating in a research report on Friday, October 4th. Eight Capital set a C$20.00 target price on Secure Energy Services and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their price target on Secure Energy Services from C$16.00 to C$17.00 in a research note on Tuesday, October 22nd. National Bankshares lifted their target price 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 increased 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 research report on Thursday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$16.58.

Secure Energy Services Price Performance

TSE SES traded up C$0.30 on Thursday, hitting C$15.43. The stock had a trading volume of 487,255 shares, compared to its average volume of 700,154. The firm has a 50-day moving average of C$12.62 and a 200-day moving average of C$11.96. The company has a market capitalization of C$3.71 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth 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 52-week low of C$7.50 and a 52-week high of C$15.83.

Secure Energy Services (TSE:SES) last announced its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Secure Energy Services had a net margin of 5.62% and a return on equity of 50.56%. The company had revenue of C$337.00 million during the quarter. Equities analysts expect that Secure Energy Services will post 0.7671625 EPS for the current year.

Insider Activity

In other news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of Secure Energy Services stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total transaction of C$145,350.00. In related news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total transaction of C$145,350.00. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of Secure Energy Services 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. Insiders sold a total of 73,016 shares of company stock worth $877,203 in the last quarter. 0.95% of the stock is owned by company 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.