Secure Energy Services (TSE:SES) Price Target Increased to C$12.00 by Analysts at CIBC

Secure Energy Services (TSE:SES) had its price target raised by CIBC from C$11.00 to C$12.00 in a research report sent to investors on Monday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Several other brokerages have also recently weighed in on SES. Cormark raised their price objective on Secure Energy Services from C$12.00 to C$14.00 and gave the company a buy rating in a research note on Tuesday, February 27th. National Bankshares raised their price objective on Secure Energy Services from C$12.00 to C$13.00 and gave the company an outperform rating in a research note on Tuesday, February 27th. Stifel Nicolaus raised their price objective on Secure Energy Services from C$12.50 to C$13.50 and gave the company a buy rating in a research note on Thursday, April 18th. Raymond James raised their price objective on Secure Energy Services from C$13.00 to C$13.25 and gave the company an outperform rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada raised their price objective on Secure Energy Services from C$11.00 to C$12.00 and gave the company a sector perform rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$13.34.

Secure Energy Services Price Performance

Shares of SES opened at C$10.99 on Monday. Secure Energy Services has a 12-month low of C$5.81 and a 12-month high of C$11.92. The business’s fifty day moving average is C$11.22 and its 200 day moving average is C$9.58. The company has a quick ratio of 1.10, a current ratio of 2.52 and a debt-to-equity ratio of 92.92. The stock has a market cap of C$3.08 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.17 and a beta of 2.58.

Secure Energy Services (TSE:SES) last issued its earnings results on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.20. Secure Energy Services had a return on equity of 15.91% and a net margin of 2.36%. The company had revenue of C$451.00 million for the quarter, compared to analysts’ expectations of C$429.00 million. Sell-side analysts anticipate that Secure Energy Services will post 0.6699029 earnings per share for the current fiscal year.

Secure Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, March 28th. Secure Energy Services’s dividend payout ratio (DPR) is currently 61.54%.

Insider Buying and Selling

In related news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total value of C$90,000.00. In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 8,000 shares of Secure Energy Services stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$11.25, for a total transaction of C$90,000.00. Also, Director Rene Amirault sold 731,807 shares of Secure Energy Services stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$11.35, for a total value of C$8,302,496.78. In the last 90 days, insiders sold 751,914 shares of company stock valued at $8,529,853. 0.88% of the stock is owned by 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.