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

Secure Energy Services (TSE:SES) had its target price lifted by Eight Capital from C$20.00 to C$22.00 in a research report released on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also issued reports on SES. CIBC raised their price target on Secure Energy Services from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research report on Thursday. Scotiabank raised their price target on Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets raised their price target on Secure Energy Services from C$16.00 to C$17.00 in a research report on Tuesday, October 22nd. ATB Capital raised their price target on Secure Energy Services from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Raymond James raised their price target on Secure Energy Services from C$14.75 to C$15.25 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Secure Energy Services has a consensus rating of “Moderate Buy” and a consensus target price of C$16.58.

Secure Energy Services Price Performance

Shares of Secure Energy Services stock opened at C$15.51 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The firm has a market capitalization of C$3.73 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The business’s 50-day moving average price is C$12.62 and its 200-day moving average price is C$11.96. Secure Energy Services has a 12 month low of C$7.50 and a 12 month high of C$15.83.

Secure Energy Services (TSE:SES) 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). Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%. The company had revenue of C$337.00 million for the quarter. Sell-side analysts forecast that Secure Energy Services will post 0.7671625 EPS for the current fiscal year.

Secure Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.58%. Secure Energy Services’s dividend payout ratio is currently 20.00%.

Insider Activity

In other news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00. In other news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total value of C$145,350.00. 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 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.

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.