Secure Energy Services Inc. (TSE:SES) Receives C$23.16 Consensus Target Price from Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have received an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$23.16.

SES has been the topic of several analyst reports. Canadian Imperial Bank of Commerce downgraded Secure Energy Services from a “neutral” rating to a “tender” rating and lifted their price objective for the stock from C$22.50 to C$24.75 in a report on Tuesday, April 14th. Raymond James Financial downgraded Secure Energy Services from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$22.00 to C$24.75 in a report on Tuesday, April 14th. ATB Cormark Capital Markets boosted their price target on Secure Energy Services from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Royal Bank Of Canada boosted their price target on Secure Energy Services from C$18.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Finally, Stifel Nicolaus downgraded Secure Energy Services from a “buy” rating to a “hold” rating and lowered their price target for the company from C$26.00 to C$23.00 in a report on Tuesday, April 14th.

Secure Energy Services Price Performance

SES stock opened at C$20.30 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.37 and a debt-to-equity ratio of 151.35. Secure Energy Services has a 52-week low of C$14.85 and a 52-week high of C$23.90. The stock’s 50 day moving average is C$22.03 and its two-hundred day moving average is C$19.48. The company has a market capitalization of C$4.43 billion, a PE ratio of 37.59, a P/E/G ratio of 0.17 and a beta of 0.38.

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.