ATB Capital Analysts Give Secure Energy Services (TSE:SES) a C$13.00 Price Target

ATB Capital set a C$13.00 price target on Secure Energy Services (TSE:SES) in a report published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

SES has been the topic of a number of other reports. Cormark lifted their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the stock a buy rating in a research note on Tuesday, February 27th. Raymond James lifted their price target on Secure Energy Services from C$13.00 to C$13.25 and gave the stock an outperform rating in a research note on Tuesday, February 27th. BMO Capital Markets lifted their price target on Secure Energy Services from C$12.50 to C$13.00 in a research note on Friday, February 2nd. CIBC lifted their price target on Secure Energy Services from C$10.50 to C$11.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada lifted their price target on Secure Energy Services from C$11.00 to C$12.00 and gave the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Secure Energy Services currently has a consensus rating of Moderate Buy and a consensus target price of C$12.19.

Secure Energy Services Stock Up 0.2 %

Shares of SES stock opened at C$11.29 on Monday. The stock has a 50 day moving average of C$10.83 and a 200 day moving average of C$9.13. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 92.92. The stock has a market cap of C$3.16 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.17 and a beta of 2.58. Secure Energy Services has a twelve month low of C$5.81 and a twelve month high of C$11.64.

Secure Energy Services (TSE:SES) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.20 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of C$429.00 million. As a group, sell-side analysts expect that Secure Energy Services will post 0.7098351 EPS for the current year.

Secure Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.54%. Secure Energy Services’s dividend payout ratio is presently 61.54%.

Insider Buying and Selling

In related news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$137,356.34. In other news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total transaction of C$137,356.34. Also, Director Rene Amirault sold 731,807 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$8,302,496.78. Insiders sold 751,914 shares of company stock valued at $8,529,853 in the last three months. 1.42% of the stock is owned by corporate 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.