Secure Energy Services (TSE:SES) Reaches New 1-Year High – Here’s What Happened

Secure Energy Services Inc. (TSE:SES) hit a new 52-week high on Tuesday . The company traded as high as C$21.37 and last traded at C$21.29, with a volume of 81878 shares traded. The stock had previously closed at C$20.90.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. National Bank Financial lifted their target price on Secure Energy Services from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Scotiabank increased their target price on shares of Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. ATB Cormark Capital Markets raised their target price on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. BMO Capital Markets upped their price target on Secure Energy Services from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Finally, Stifel Nicolaus increased their price objective on Secure Energy Services from C$23.50 to C$26.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Two research 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 Performance

The firm’s 50 day simple moving average is C$18.37 and its 200 day simple moving average is C$18.04. The firm has a market capitalization of C$4.62 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 0.17 and a beta of 0.76. The company has a debt-to-equity ratio of 145.08, a quick ratio of 1.10 and a current ratio of 1.21.

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.