Secure Energy Services (TSE:SES) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Secure Energy Services Inc. (TSE:SES) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.28 and traded as high as C$24.52. Secure Energy Services shares last traded at C$24.31, with a volume of 878,648 shares traded.

Analysts Set New Price Targets

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

Secure Energy Services Stock Performance

The firm has a market cap of C$5.30 billion, a price-to-earnings ratio of 41.20, a P/E/G ratio of 0.17 and a beta of 0.14. The stock has a 50 day moving average of C$22.63 and a 200 day moving average of C$21.28. The company has a quick ratio of 1.10, a current ratio of 1.20 and a debt-to-equity ratio of 125.62.

Secure Energy Services (TSE:SES) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$422.00 million for the quarter. Secure Energy Services had a negative net margin of 4.56% and a positive return on equity of 16.77%. As a group, analysts anticipate that Secure Energy Services Inc. will post 0.7671625 EPS for the current fiscal year.

About Secure Energy Services

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.