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

Shares of Secure Energy Services Inc. (TSE:SES) have been given an average recommendation of “Hold” by the seven research firms that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$23.16.

Several research analysts have commented on SES shares. 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. Raymond James Financial cut shares of Secure Energy Services from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$22.00 to C$24.75 in a research note on Tuesday, April 14th. BMO Capital Markets lifted their target price on shares of Secure Energy Services from C$20.00 to C$24.75 in a research note on Tuesday, April 14th. Stifel Nicolaus cut shares of 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 research note on Tuesday, April 14th. Finally, National Bank Financial lifted 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 note on Friday, May 1st.

Secure Energy Services Price Performance

Shares of SES stock opened at C$21.79 on Wednesday. The company has a market capitalization of C$4.75 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 0.17 and a beta of 0.22. The firm has a fifty day simple moving average of C$21.85 and a 200-day simple moving average of C$19.90. The company has a current ratio of 1.37, a quick ratio of 1.10 and a debt-to-equity ratio of 151.35. Secure Energy Services has a twelve month low of C$14.90 and a twelve month high of C$23.90.

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.