Scotiabank Boosts Secure Energy Services (TSE:SES) Price Target to C$21.00

Secure Energy Services (TSE:SES) had its price objective lifted by equities research analysts at Scotiabank from C$20.00 to C$21.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 8.25% from the company’s previous close.

A number of other brokerages also recently commented on SES. Raymond James Financial boosted their price objective on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. National Bank Financial boosted their price target on shares of Secure Energy Services from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Stifel Nicolaus increased their price objective on Secure Energy Services from C$23.00 to C$23.50 and gave the stock a “buy” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Secure Energy Services currently has a consensus rating of “Hold” and an average price target of C$21.63.

Secure Energy Services Stock Down 2.7%

TSE:SES traded down C$0.54 during trading hours on Monday, hitting C$19.40. 266,789 shares of the stock traded hands, compared to its average volume of 426,584. The firm has a 50 day moving average price of C$17.62 and a 200 day moving average price of C$17.67. The firm has a market cap of C$4.23 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 0.17 and a beta of 0.67. Secure Energy Services has a fifty-two week low of C$12.04 and a fifty-two week high of C$21.15. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24.

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.