Raymond James Boosts Secure Energy Services (TSE:SES) Price Target to C$15.25

Secure Energy Services (TSE:SES) had its price objective lifted by equities research analysts at Raymond James from C$14.75 to C$15.25 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target points to a potential downside of 1.17% from the company’s previous close.

Several other research firms also recently commented on SES. Eight Capital set a C$20.00 target price on Secure Energy Services and gave the company a “buy” rating in a research report on Wednesday, October 9th. CIBC upped their price objective on Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. ATB Capital increased their price objective 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. National Bankshares boosted their target price on shares of Secure Energy Services from C$13.00 to C$14.00 in a research report on Wednesday, July 31st. Finally, BMO Capital Markets upped their price target on shares of Secure Energy Services from C$16.00 to C$17.00 in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Secure Energy Services has a consensus rating of “Moderate Buy” and an average target price of C$16.58.

Secure Energy Services Stock Performance

Shares of TSE:SES traded up C$0.30 on Thursday, hitting C$15.43. The company had a trading volume of 487,255 shares, compared to its average volume of 700,154. The stock has a market cap of C$3.71 billion, a price-to-earnings ratio of 7.75, a P/E/G ratio of 0.17 and a beta of 2.41. The stock has a 50 day moving average price of C$12.62 and a 200 day moving average price of C$11.96. Secure Energy Services has a 1-year low of C$7.50 and a 1-year high of C$15.83. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03.

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

Insider Buying and Selling at Secure Energy Services

In other news, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the company’s 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 other Secure Energy Services news, Director Mark Bly bought 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of C$11.52 per share, for a total transaction of C$115,200.00. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$12.75, for a total transaction of C$145,350.00. Insiders have sold a total of 73,016 shares of company stock valued at $877,203 in the last ninety days. 0.95% of the stock is currently 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.