Secure Energy Services Inc. (TSE:SES) Receives Consensus Rating of “Buy” from Brokerages

Secure Energy Services Inc. (TSE:SES) has been given an average recommendation of “Buy” by the eleven ratings firms that are presently covering the firm, reports. Six analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$6.35.

A number of research firms recently commented on SES. BMO Capital Markets increased their price target on Secure Energy Services from C$4.25 to C$6.50 and gave the company a “na” rating in a research report on Monday, July 5th. Raymond James reissued a “strong-buy” rating and issued a C$7.25 price target on shares of Secure Energy Services in a research report on Wednesday, July 28th. Cormark set a C$4.28 price target on Secure Energy Services in a research report on Monday, July 26th. TD Securities raised their target price on Secure Energy Services to C$7.50 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Finally, CIBC reaffirmed an “outperform” rating and set a C$6.50 target price on shares of Secure Energy Services in a research report on Monday, August 23rd.

Shares of SES opened at C$4.35 on Friday. Secure Energy Services has a 12-month low of C$1.29 and a 12-month high of C$5.15. The business’s fifty day moving average is C$4.17 and its 200 day moving average is C$4.20. The company has a quick ratio of 0.44, a current ratio of 1.19 and a debt-to-equity ratio of 91.31. The stock has a market cap of C$1.34 billion and a P/E ratio of -11.89.

Secure Energy Services (TSE:SES) last issued its earnings results on Tuesday, July 27th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.01). The company had revenue of C$116.71 million during the quarter, compared to the consensus estimate of C$106.25 million. On average, analysts expect that Secure Energy Services will post 0.25 EPS for the current year.

Secure Energy Services Company Profile

Secure Energy Services Inc, an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. The company's Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.

Featured Story: Federal Reserve

Analyst Recommendations for Secure Energy Services (TSE:SES)

Receive News & Ratings for Secure Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secure Energy Services and related companies with's FREE daily email newsletter.