Stifel Nicolaus Raises Secure Energy Services (TSE:SES) Price Target to C$13.50

Secure Energy Services (TSE:SES) had its price target increased by Stifel Nicolaus from C$12.50 to C$13.50 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

SES has been the subject of a number of other research reports. ATB Capital set a C$13.00 target price on Secure Energy Services and gave the company an outperform rating in a research note on Monday, March 25th. BMO Capital Markets increased their price target on Secure Energy Services from C$14.00 to C$16.00 in a report on Thursday, March 28th. CIBC increased their price target on Secure Energy Services from C$10.50 to C$11.00 and gave the company a neutral rating in a report on Wednesday, February 28th. National Bankshares increased their price target on Secure Energy Services from C$12.00 to C$13.00 and gave the company an outperform rating in a report on Tuesday, February 27th. Finally, Cormark increased their price target on Secure Energy Services from C$12.00 to C$14.00 and gave the company a buy rating in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$13.22.

Secure Energy Services Stock Performance

Shares of TSE:SES opened at C$11.00 on Thursday. The firm has a market capitalization of C$3.08 billion, a PE ratio of 16.92, a P/E/G ratio of 0.17 and a beta of 2.58. The company has a debt-to-equity ratio of 92.92, a current ratio of 2.52 and a quick ratio of 1.10. The business has a 50-day moving average of C$11.21 and a two-hundred day moving average of C$9.52. Secure Energy Services has a 12 month low of C$5.81 and a 12 month high of C$11.92.

Secure Energy Services (TSE:SES) last posted its earnings results on Monday, February 26th. The company reported C$0.20 earnings per share (EPS) for the quarter, meeting 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 business had revenue of C$451.00 million during the quarter, compared to analyst estimates of C$429.00 million. As a group, research analysts forecast that Secure Energy Services will post 0.6699029 earnings per share for the current year.

Secure Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, March 28th. Secure Energy Services’s dividend payout ratio is presently 61.54%.

Insiders Place Their Bets

In other Secure Energy Services news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the stock in a transaction that occurred 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 related news, Senior Officer Michael Wayne Callihoo sold 12,107 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$11.35, for a total value of C$137,356.34. Also, Director Rene Amirault sold 731,807 shares of the firm’s stock in a transaction that occurred on 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 have sold a total of 751,914 shares of company stock valued at $8,529,853 in the last quarter. Insiders own 0.88% of the company’s stock.

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.