Scotiabank Cuts Secure Energy Services (TSE:SES) Price Target to C$20.00

Secure Energy Services (TSE:SES) had its price objective lowered by stock analysts at Scotiabank from C$21.50 to C$20.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 14.09% from the company’s current price.

Other analysts have also issued research reports about the stock. Stifel Nicolaus lifted their target price on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the company a “buy” rating in a research report on Thursday, October 2nd. National Bankshares raised their price objective on Secure Energy Services from C$18.50 to C$23.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Raymond James Financial boosted their price target on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, CIBC upped their price target on Secure Energy Services from C$16.25 to C$19.00 in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$20.19.

Secure Energy Services Price Performance

Shares of SES stock traded up C$0.09 during trading hours on Wednesday, hitting C$17.53. 167,742 shares of the company’s stock were exchanged, compared to its average volume of 412,327. Secure Energy Services has a fifty-two week low of C$12.04 and a fifty-two week high of C$21.15. The firm has a market cap of C$3.82 billion, a P/E ratio of 35.78, a P/E/G ratio of 0.17 and a beta of 0.81. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. The firm has a 50 day moving average of C$17.50 and a two-hundred day moving average of C$17.31.

About Secure Energy Services

Secure Waste Infrastructure Corp. provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental & Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions.