Secure Energy Services Inc. (TSE:SES) Given Average Recommendation of “Moderate Buy” by Analysts

Secure Energy Services Inc. (TSE:SES) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$20.44.

A number of research firms have weighed in on SES. National Bankshares raised their target price on shares of Secure Energy Services from C$18.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Raymond James Financial lifted their price objective on Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Stifel Nicolaus upped their target price on Secure Energy Services from C$17.50 to C$23.50 and gave the company a “buy” rating in a report on Thursday, October 2nd. Scotiabank downgraded Secure Energy Services from an “outperform” rating to a “hold” rating and raised their target price for the stock from C$19.00 to C$22.00 in a research note on Friday, October 10th. Finally, CIBC lifted their price target on Secure Energy Services from C$16.25 to C$19.00 in a report on Wednesday, October 15th.

Secure Energy Services Stock Performance

TSE:SES opened at C$17.50 on Wednesday. The company’s 50-day moving average price is C$17.76 and its 200-day moving average price is C$17.11. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. The company has a market cap of C$3.81 billion, a P/E ratio of 35.71, a P/E/G ratio of 0.17 and a beta of 0.86. Secure Energy Services has a twelve month low of C$12.04 and a twelve month high of C$21.15.

About Secure Energy Services

Secure Waste Infrastructure Corp. provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental & Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions.