Secure Energy Services (TSE:SES) PT Set at C$17.00 by Royal Bank of Canada

Secure Energy Services (TSE:SES) has been given a C$17.00 price objective by equities researchers at Royal Bank of Canada in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 5.33% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Raymond James increased their price objective on shares of Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Eight Capital raised their price target on Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. National Bankshares lifted their price target on Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Scotiabank increased their price objective on Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, ATB Capital upped their price target on Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Secure Energy Services currently has a consensus rating of “Moderate Buy” and an average target price of C$17.20.

Secure Energy Services Stock Up 1.6 %

SES stock traded up C$0.25 during mid-day trading on Thursday, reaching C$16.14. The company had a trading volume of 636,057 shares, compared to its average volume of 712,461. Secure Energy Services has a fifty-two week low of C$8.85 and a fifty-two week high of C$17.13. The company has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The company has a debt-to-equity ratio of 52.03, a quick ratio of 1.10 and a current ratio of 1.15. The firm has a fifty day simple moving average of C$15.57 and a 200 day simple moving average of C$13.16.

Insider Activity at Secure Energy Services

In related news, Senior Officer Allen Peter Gransch sold 4,011 shares of Secure Energy Services stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total transaction of C$48,934.20. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of Secure Energy Services 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. Insiders have sold a total of 54,820 shares of company stock worth $805,315 in the last three months. Insiders own 0.95% of the company’s stock.

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.