Secure Energy Services (TSE:SES) Releases Earnings Results

Secure Energy Services (TSE:SES) released its quarterly earnings results on Wednesday. The company reported C$0.20 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$422.00 million during the quarter. Secure Energy Services had a negative net margin of 14.22% and a positive return on equity of 15.18%.

Secure Energy Services Price Performance

SES stock opened at C$23.70 on Thursday. Secure Energy Services has a 1 year low of C$15.03 and a 1 year high of C$24.41. The company has a debt-to-equity ratio of 151.35, a current ratio of 1.37 and a quick ratio of 1.10. The firm has a market capitalization of C$5.17 billion, a PE ratio of 43.89, a price-to-earnings-growth ratio of 0.17 and a beta of 0.14. The business has a 50 day simple moving average of C$22.26 and a 200-day simple moving average of C$20.98.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on Secure Energy Services from C$20.00 to C$24.75 in a report on Tuesday, April 14th. Stifel Nicolaus cut Secure Energy Services from a “buy” rating to a “hold” rating and reduced their target price for the company from C$26.00 to C$23.00 in a report on Tuesday, April 14th. Raymond James Financial downgraded Secure Energy Services from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$22.00 to C$24.75 in a research report on Tuesday, April 14th. National Bank Financial lifted their price target on Secure Energy Services from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce lowered Secure Energy Services from a “neutral” rating to a “tender” rating and lifted their price target for the stock from C$22.50 to C$24.75 in a research note on Tuesday, April 14th. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$23.16.

Secure Energy Services Company Profile

SECURE is a leading waste management and energy infrastructure business headquartered in Calgary, Alberta. The Corporation’s extensive infrastructure network located throughout western Canada and North Dakota includes waste processing and transfer facilities, industrial landfills, metal recycling facilities, crude oil and water gathering pipelines, crude oil terminals and storage facilities. Through this infrastructure network, the Corporation carries out its principal business operations, including the collection, processing, recovery, recycling and disposal of waste streams generated by our energy and industrial customers and gathering, optimization, terminalling and storage of crude oil and natural gas liquids.