Secure Energy Services (TSE:SES) Given a C$16.00 Price Target by Scotiabank Analysts

Scotiabank set a C$16.00 target price on Secure Energy Services (TSE:SES) in a research report sent to investors on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also recently commented on SES. National Bankshares boosted their target price on Secure Energy Services from C$13.00 to C$14.00 in a report on Wednesday, July 31st. ATB Capital boosted 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 note on Wednesday, July 31st. Raymond James raised their target price on Secure Energy Services from C$13.50 to C$14.25 and gave the company an outperform rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their target price on Secure Energy Services from C$14.00 to C$16.00 and gave the stock an outperform rating in a report on Wednesday, July 31st. Finally, CIBC upped their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$14.19.

Secure Energy Services Price Performance

Shares of SES opened at C$13.21 on Friday. The firm has a market capitalization of C$3.18 billion, a price-to-earnings ratio of 6.61, a price-to-earnings-growth ratio of 0.17 and a beta of 2.43. The stock’s fifty day moving average is C$12.00 and its 200-day moving average is C$11.70. Secure Energy Services has a one year low of C$7.11 and a one year high of C$13.65. 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 (TSE:SES) last released 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 for the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%.

Secure Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.03%. Secure Energy Services’s dividend payout ratio is currently 20.00%.

Insider Buying and Selling at Secure Energy Services

In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of Secure Energy Services stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$11.76, for a total value of C$538,121.90. In other news, Senior Officer Rhonda Kimberly Rudnitski sold 45,761 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$11.76, for a total value of C$538,121.90. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the firm’s stock in a transaction 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. Over the last ninety days, insiders sold 73,016 shares of company stock valued at $877,203. 0.94% of the stock is currently owned by corporate 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.